Lynas Malaysia appeals operating licence decision

Company News

by Rachael Jones

Lynas (ASX:LYC) Malaysia has today filed an appeal to the Atomic Energy Licensing Act 1984 in respect of the decision to impose a new condition on the renewal of their operating licence.

The new condition requires the export of Lynas Malaysia’s Water Leach Purification (WLP) residue out of Malaysia before 2 September 2019.

Lynas Malaysia continues to operate on a business-as-usual basis, and production has recommenced following the temporary halt in December 2018.

Shares in Lynas (ASX:LYC) closed 0.98 per cent higher at $1.55 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.