Lynas: Malaysian refinery nears completion

Posted on November 30, 2011. Filed under: Pollution |

— Bloomberg

Lynas Corp, an Australian rare earths developer, said it’s near to completing its Malaysian refinery and will be ready to receive concentrate in the first quarter of 2012, pending regulatory approvals.

“We are in the final stages of the regulatory approvals process in Malaysia,” Nicholas Curtis, chairman of the Sydney- based company said today in a statement. “We have submitted all the requested documentation and the Malaysian Atomic Energy Licensing Board is now reviewing those documents ahead of making a decision.”

Malaysia imposed tighter environmental safety standards on the proposed plant in June following protests by local residents concerned about radiation.

Once in production, the plant will provide an alternative source of rare earths to China, which currently produces more than 90 per cent of global supply of the 17 chemically similar elements used in magnets, hybrid cars and iPods. China has restricted rare-earth mining and cut exports to conserve resources and protect the environment.

Read more: Lynas: Malaysian refinery nears completion http://www.btimes.com.my/Current_News/BTIMES/articles/20111130091614/Article/index_html#ixzz1fg397aGi
Advertisements

Make a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Liked it here?
Why not try sites on the blogroll...

%d bloggers like this: