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Rare Earths Miner Lynas Wins Appeal Case Versus Malaysian Opponents, Keeps License

The Malaysian Court of Appeal has dismissed the latest application for injunction filed against Australian rare earths miner Lynas Corp by environmentalist group Save Malaysia Stop Lynas (SMSL), effectively enabling the mining firm to keep in its hand the controversial temporary operating license ( TOL ) on its $800-million rare earths processing plant.

In a statement on Wednesday to the Australian Securities Exchange, Lynas said the appeal was rejected by the Malaysian Court. The dismissal, however, was lodged against SMSL with costs in favour of Lynas.

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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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