PUTRAJAYA, May 25 – Malaysia’s Lynas has failed to appeal the four license conditions set by the Atomic Energy Licensing Board (AELB) but has been granted an extension for the operation of its cracking and leaching (C&L) factory until December 31, 2023. The decision was made by the Minister of Science, Technology and Innovation, YB Chang Lih Kang, after considering the economic interests, environmental protection and public health impacts.
The decision is final based on Section 32(5) of the Atomic Energy Licensing Act. Lynas must ensure that its C&L plants abroad begin operating from January 1, 2024, and will no longer be allowed to import raw materials containing natural radioactive materials into Malaysia. The government’s decision was taken after careful evaluation, based on the principles of sustainability, development and safety.
The rare earth industry is an important sector, and the government is committed to ensuring that any business dealings carried out related to this industry do not have a negative impact on the environment and local residents. The Ministry of Science, Technology and Innovation will continue to work with all stakeholders to ensure that the rare earth industry in Malaysia grows responsibly and complies with the regulations and standards set.
Lynas is a global leader in rare earths, and its operations in Malaysia have been a source of controversy due to concerns about radioactive waste. The government’s decision strikes a balance between economic interests and environmental concerns, ensuring that the rare earth industry in Malaysia grows responsibly and sustainably.
