Lynas Gets Temporary Rare-Earth Refining License in Malaysia
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Malaysia’s Atomic Energy Licensing Board granted Lynas Corp. a temporary operating license to begin refining rare earths under certain conditions following public protests.
The Sydney-based miner will be able to start refining under conditions that include a plan for a permanent disposal facility and paying the government a $50 million security bond in installments, the board said in an e-mailed statement yesterday.