Lynas Secures Malaysian Permit For $230M Rare Earths Plant

Law360, New York (September 5, 2012, 6:30 PM EDT) -- Australia's Lynas Corp. has received a long-awaited temporary operation license for its $230 million rare earths refinery from Malaysian regulators, the company said Wednesday, after months of uncertainty and upheaval among project opponents who say the facility could gravely damage the surrounding environment.

But Malaysia's Atomic Energy Licensing Board disagreed, finding that Lynas had implemented mitigation measures to limit dust and cut off radioactive leaching at the Lynas Advanced Materials Plant, located in the Kuantan region. Lynas also committed to haul away residue from its water...
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