Lynas Receives All Approvals to Commence Construction in the Gebeng Industrial Area, Pahang, Malaysia
All approvals required to commence construction of the Malaysian Advanced Materials Plant for the processing of Mount Weld Rare Earths concentrate have now been received, including:
• Environmental Impact Assessment approval by the State of Pahang Department of Environment
• Siting and Construction Licence approvals by the AELB
• Development Order approval by the local authorities in Kuantan
Lynas Corporation Limited (“Lynas”) (ASX code LYC) is pleased to announce all approvals required to commence construction of the Malaysian Advanced Materials Plant for the processing of Mount Weld Rare Earths concentrate have been received and the company is in a position to commence civil works on the site.
The State of Pahang Department of Environment approved the Environmental Impact Assessment for the Advanced Materials Plant to be located in the Gebeng Industrial Area, Kuantan, Pahang, Malaysia on 18 February 2008. On 19 February 2008 the Board of Directors of the Atomic Energy Licensing Board of Malaysia (AELB) approved the Siting and Construction Licence following an approval recommendation from the Licensing Division of the AELB. Also on 19 February 2008 the Kuantan Local Council approved the Development Order application.
Lynas’ Executive Chairman, Nicholas Curtis, said “The company will immediately commence construction of the Malaysian Advanced Materials Plant. The plant civil works is the first phase which will supplement the early works package already underway.
It is very pleasing that the Malaysian environmental approvals have been granted after a rigorous examination by the relevant authorities. This approval is affirmation that the company is upholding our core values. Lynas believes the Malaysian Advanced Materials Plant will set a benchmark for environmental excellence within our industry. An environmentally excellent supply chain is important for the industry as many of the products will be used in environmental protection and energy efficient applications.”
