PETALING JAYA – The Cabinet meeting has given green light for Lynas to extend its operation license for three more years.
According to a report by the Sinchew Daily, the decision was made after the Cabinet was satisfied with Lynas over their compliance for three criteria set by the government.
“The Cabinet had discussed about the Lynas issue on Wednesday. As a government, we need to ensure that the investors stay here.
“We have given our explanation to the people, that the Lynas operation is safe,” said a source to Sinchew Daily.
According to that source, the government will ensure Lynas fully comply to all the regulations set by the government.
According to that source, the Minister of Energy, Science, Technology, Environment and Climate Change, Yeo Bee Yin will issue an official statement on the cabinet’s decision.
The Atomic Licensing Board Malaysia had earlier imposed three criteria for Lynas after renewing their operating license for six months.
Lynas needs to present their plan to build a Cracking and Leaching facility abroad to transfer the process away from its current plant in Malaysia.
Besides that, Lynas must identify a new site to come up with an official written permission by the relevant authorities to transfer the Water Leach Purification residue to the country involved.
Lynas must also stop all of its research and development (R&D) activities. This involved the usage of WLP’s radioactive residue as Condisoil in the agricultural field and it must provide 0.5 per cent of its yearly gross sales set for the previous R&D efforts to the Malaysian government as additional collateral until its overseas Cracking and Leaching facility is operational. -MalaysiaGazette