Readers of RareMetalBlog will be up-to-date on the developments of Lynas’ Malaysian rare earth processing facility. The quick summary is that earlier this month Lynas was granted approval of this facility by the Atomic Energy Licensing Board (AELB) of Malaysia. The story was a nail-biter of sorts as analysts and reporters were expecting delays in this approval until after the Malaysian elections predicted to be held sometime in March or later in 2012. As you know, it has always been my view that Lynas would ultimately be granted the operating permit and that it was only a matter of time, nothing else.
Yesterday it was reported that Lynas had been served legal papers in relation to court proceedings brought forth by applicants – a group of individuals, living in the region where the plant is being built – seeking approval to apply for a review of the operating licence as well as a delay in the plant’s operational start-up pending the outcome of their request.
It is perhaps the lack of information in the public domain about this project that has contributed to these misunderstandings and unnecessary fears related to public health safety. Significant research backs this view. For instance, the International Atomic Energy Agency (IAEA) released in June 2011 effectively quells several misconceptions about the Lynas Advanced Materials Plant (LAMP) in Malaysia:
- Lynas’ rare earth plant is not unique — there are several other similar plants producing rare earths compounds in various parts of the world.
- Many mineral concentrates processed in other countries with similar conditions are considerably more radioactive than those which Lynas will process.
- No instances of non-compliance have been identified in international radiation safety standards.
- Malaysian regulations regarding radiation safety are sound and in conformity with IAEA Standards, in some cases are even more stringent.
For more in-depth analysis on these and other rare earth companies visit REEWorld.com – the world’s only online library focused on the rare earth industry with analyst reports, corporate PowerPoint presentations, white papers and more.
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