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Lynas Rare Earths Plant Gets Backing of Malaysian Parliament: Plant Facility is Safe

The Parliamentary Select Committee (PSC) created to look into the safety of the highly disputed $200-million rare earths processing plant of Lynas Corp. in Malaysia has concluded that the facility is safe and has strongly urged for the immediate release of the temporary operating license ( TOL ) to finally start the plant's delayed operations.

"The committee found that up to now all the safety, health and environmental aspects in connection with the project... have been met," the seven-member body said in a 74-page report.

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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 Nasdaq, Inc.

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