Malaysia government 'pleased' with rare earths firm Lynas' plans to move initial ore processing: CEO [Reuters]
LYNAS RARE EARTHS S/ADR (LYSDY)
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Source: Reuters
Malaysia government 'pleased' with rare earths firm Lynas' plans to move initial ore processing: CEO - Reuters 3 Min Read KUALA LUMPUR (Reuters) - The chief executive of Australian rare earth metals producer Lynas Corp said on Friday that feedback from the Malaysian government relating to its plans to move initial ore processes out of the Southeast Asian nation has been favorable. In a strategic growth plan to 2025 unveiled last Tuesday, Lynas said it intends to build an initial ore processing plant in Western Australia that would help it overcome political headwinds in Malaysia. The operating license for Lynas’ processing plant in the country, due for renewal in September, is under threat on concerns over waste disposal. “The feedback is that the government is particularly pleased with what we are looking at in terms of the shift of cracking and leaching (to Australia),” Amanda Lacaze, chief executive officer told Reuters in a telephone interview, referring to processes involved in i
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