Lynas get its licence renewed

Amanda Lacaze, managing director and chief executive officer of Lynas Corp., poses for a photograph during the 2016 Diggers & Dealers Mining Forum in Kalgoorlie, Australia, on Tuesday, Aug. 2, 2016. Lynas, the only remaining major producer of rare earths outside China, says prices arent reflecting the strong demand for its materials that are used in everything from hybrid vehicles to wind turbines. Photographer: Carla Gottgens/Bloomberg

KUANTAN: The full operating stage licence for Lynas Corporation Ltd’s rare earth refinery here has been renewed for another three years, until September 2019.

The mining company said in a statement that the renewal followed a rigorous review by the Atomic Energy Licensing Board (AELB) and other independent Malaysian regulatory bodies.