Malaysia signs new rare earths deal with Australian miner Lynas despite environmental fears


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Australian rare earth mining company Lynas on Monday received a further stamp of approval from Malaysia despite environmental concerns over its operations there, when a government agency inked a deal with the firm to cooperate on more projects.

Under the agreement, Lynas, the largest rare earths producer outside China, will work with state agency Mara Corporation to attract downstream rare earth customers to Malaysia and commercialise certain waste residues from Lynas’ plant in Kuantan for use in agriculture.

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