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Lynas' licence could be revoked if work on PDF doesn't start by March 2021

KUALA LUMPUR, July 16  -- The operating licence granted to Lynas Malaysia Sdn Bhd will be revoked if the rare earth mining company does not begin the process of developing a permanent disposal facility (PDF) by March 2021.

Science, Technology, and Innovation Minister Khairy Jamaluddin said the operating licence for the company has been renewed for three years starting March this year and the company is required to begin the process within the first year from the licence’s renewal approval date.

“If Lynas is unable to begin work within the time frame, then in March 2021, its operating licence could be revoked,” he said during the Ministers’ Question Time at the Dewan Rakyat sitting today.

Khairy said this in his reply to a supplementary question from Yeo Bee Yin (PH-Bakri) who wanted to know if the government will revoke Lynas' operating licence if it did not fulfil the requirement as stated under the Atomic Energy Licensing Act 1984 (Act 304).

Earlier, replying to a question by Tan Sri Noh Omar (BN-Tanjong Karang) on the extension of Lynas' operating licence, Khairy said the company's application to renew the licence which expired on March 3, had been approved for another three years until March 2, 2023.

The license was approved by the Atomic Energy Licensing Board (AELB) after the company managed to meet several key conditions stipulated under the Act 304.

-- BERNAMA

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