Lynas Receives a Temporary License for Rare Earths Plant in Malaysia

摘要

Lynas Corp. reported in early September 2012 that the Malaysian Atomic Energy Licensing Board (AELB) issued a Temporary Operating Licence (TOL) for the Lynas Advanced Materials plant (LAMP) in Pahang, Malaysia. Subsequently, on September 25, Lynas reported that the Kuantan High Court had decided to hear on October 4, 2012, an application by parties associated with the Save Malaysia Stop Lynas group for an injunction in respect of the TOL. Parties associated with the Save Malaysia Stop Lynas group have, on several occasions in the past, unsuccessfully sought orders similar to the requested injunction, before the Kuala Lumpur High Court and the Malaysian Court of Appeal. Lynas said it believed and would argue that the basis for the other courts declining to grant such an injunction remains valid.