Malaysia Renews Licence Of Australian Rare Earths Plant
Sumaira FH Published February 27, 2020 | 11:46 AM
Malaysia has extended the licence of a controversial Australian-run rare earths plant for three years, its operator said Thursday, despite concerns about the impact of radioactive waste it produces
Kuala Lumpur, (UrduPoint / Pakistan Point News - 27th Feb, 2020 ) :Malaysia has extended the licence of a controversial Australian-run rare earths plant for three years, its operator said Thursday, despite concerns about the impact of radioactive waste it produces.
Lynas hopes its factory, which has processed rare earths from Australia since 2012, can reduce Chinese dominance in the market for the materials.
Rare earth minerals are used in everything from missiles to mobile phones, and Lynas is the only major producer of them outside China.
Environmentalists and some politicians are opposed to the plant on peninsula Malaysia's east coast owing to health fears related to the waste, and a review into the operation was launched in 2018.
But the company confirmed Malaysian authorities had granted a new licence to operate until March 2023. The previous licence expired in September, and Lynas was initially given a six-month extension.
"Over the past eight years we have demonstrated that our operations are safe," said Lynas CEO Amanda Lacaze in a statement announcing the extension.
Lynas has to satisfy several conditions, including transferring some work that generates low-level radioactive waste to another country.
It must also identify a site to build a disposal facility for waste.
Recent Stories
PTI to stage nationwide protests against alleged electoral frauds
Senate continues discussion on Presidential address to Joint Sitting of Parliame ..
Masood Khan calls for Pak-US cooperation for regional peace
Interior Minister starts Margalla Trail Patrol for security
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
More Stories From Business
-
Shipping Activity at Port Qasim
19 minutes ago -
Machinery equipment assembling grew by 70.98% in 08 months
1 hour ago -
Gold rates up by Rs.2,500 per tola to Rs245,000
2 hours ago -
Miner Anglo American rejects BHP's $38.8 billion takeover bid
2 hours ago -
Exchange rates for currency notes
4 hours ago -
Foreign exchange rates
5 hours ago
-
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
5 hours ago -
Today Gold Rate in Pakistan 26 April 2024
6 hours ago -
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
15 hours ago -
Pak-US officials engage to enhance trade, investment ties
16 hours ago -
Stocks fall as tech shares sink, US economy slows
16 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
17 hours ago