Lynas Rare Earths Malaysian Plant May Be Awarded Operating License in Q3

By International Business Times,  June 20, 2012, 09:35:15 PM EDT

Australian miner Lynas Corp. may already receive the highly disputed temporary operating license ( TOL ) for its Malaysian rare earths processing plant before the year ends, depending on how fast it can expedite its compliance to the conditions needed to release the TOL.

This week, Lynas Corp. received a back-to-back victory when its rare earths plant received the environmental approval and backing from both the Ministry of Science, Technology and Innovation (MOSTI) and the Parliamentary Select Committee (PSC). The PSC even urged for the immediate release of the TOL to finally ignite the much delayed rare earths plant.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: TOL



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