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Lynas auditor flags ‘material’ risk due to Malaysia waste export timeline


In December, Malaysia’s Atomic Energy Licensing Board (AELB) told Lynas - the world’s biggest producer of rare earths outside China - that it must export stockpiles of a type of residue from its processing plant by Sept. 2, when its full operating stage licence is due for renewal.

In December, Malaysia’s Atomic Energy Licensing Board (AELB) told Lynas - the world’s biggest producer of rare earths outside China - that it must export stockpiles of a type of residue from its processing plant by Sept. 2, when its full operating stage licence is due for renewal.

MELBOURNE: Auditors to rare earths producer Lynas Corp flagged a material risk to its business on Thursday, after Lynas said it could not meet a timeline from Malaysian regulators to export a waste product before its operating licence comes up in September.

In December, Malaysia’s Atomic Energy Licensing Board (AELB) told Lynas - the world’s biggest producer of rare earths outside China - that it must export stockpiles of a type of residue from its processing plant by Sept. 2, when its full operating stage licence is due for renewal.

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