BANGKOK, Nov 4 -- Malaysian Prime Minister Tun Dr Mahathir Mohamad (left) with his Australian counterpart Scott Morrison during a bilateral meeting at the IMPACT Exhibition and Convention Centre today. Mahathir leading the Malaysian delegation to the three-day 35th ASEAN Summit and Related Summits at the IMPACT Exhibition and Convention Centre in Nonthaburi North West of Bangkok.--fotoBERNAMA (2019) COPYRIGHTS RESERVED
Exclusive report by LINDA KHOO HUI LI
BANGKOK, Nov 4 -- The Australian government is hoping that Malaysia will drop conditions imposed on rare earth company Lynas Malaysia Sdn Bhd operating in Gebeng, Kuantan.
This was among the matters raised in talks between Malaysian Prime Minister Tun Dr Mahathir Mohamad and his Australian counterpart Scott Morrison on the sidelines of the 35th ASEAN Summit here today.
“They (Australian government) are hoping we will drop the conditions,” he told Malaysian media covering his participation in the regional gathering here today.
On Aug 15, Malaysia’s Atomic Energy Licensing Board (ALEB) announced that the operating license of Lynas had been renewed for another six months.
The renewal came with several major conditions including transferring the cracking and leaching process to another country and the construction of a permanent disposal facility.
Meanwhile, Dr Mahathir said Lynas would need to upgrade its mining and processing methods of the raw materials before sending them to Malaysia.
“If there are additional processes in Australia, the raw materials will not be as it is today. The raw materials will be cleaner,” he said.
Dr Mahathir reiterated that rare earth materials are not dangerous but people are mindful of a “bad experience” involving a rare earth metal extracting company in Perak back in the 1980s.
“We sent in a team of experts to examine the (Lynas) operation. They reported that it is not dangerous. The waste should be dealt with, but we cannot send it out as nobody wants it. The recommendation is to dispose of the waste in many different places so that the intensity of the radiation is not there,” he said.
Dr Mahathir said any move to close Lynas would be costly and would affect Foreign Direct Investment as investors would think that the government is not keeping to its words in approving projects.
“Lynas is an Australian company with a big investment running into billions. We cannot afford to ask them to go away,” he said.
KUALA LUMPUR, Nov 14 -- Gas Malaysia Bhd’s net profit rose to RM46.48 million in the third quarter ended Sept 30, 2019 (Q3) from RM41.42 million recorded in the same quarter last year.
KUALA LUMPUR, Nov 14 -- Solarvest Holdings Bhd, which is slated for a listing on Bursa Malaysia's ACE Market on Nov 26, today announced that the public portion of its initial public offering (IPO) has been oversubscribed by 35 times.
KUALA LUMPUR, Nov 14 -- Serba Dinamik group managing director and group chief executive director Datuk Dr Mohd Abdul Karim Abdullah has called for a change of mindset among startups, urging them to look beyond information technology (IT) as their preferred business choice.
© 2019 BERNAMA. All Rights Reserved.
rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 58.0.1 (64-bit) & Chrome Version 63.0.3239.132 (Official Build) (64-bit) with 1920 x 1080 resolution
Contact us :
General [ +603-2693 9933, email@example.com ]
Product/Service Enquiries [ +603-2050 4466, firstname.lastname@example.org ]