Lynas receives TOL from AELB for Gebeng plant

KUALA LUMPUR, Sept 5 (Bernama) -- Lynas Corp Ltd confirmed today the Malaysian Atomic Energy Licensing Board (AELB) has issued the Temporary Operating Licence for the Lynas Advanced Materials Plant (LAMP) at the Gebeng Industrial Estate, near Kuantan.

"Receiving this licence from the AELB is a significant milestone for Lynas," said Executive Chairman Nicholas Curtis in a statement.

Curtis said the licence provides additional validation to the safety of Lynas' operations in Malaysia and supports the previous assessment by the world's pre-eminent radiation safety authority, the International Atomic Energy Agency, that the LAMP was safe and was fully compliant with international standards.

"The approval to begin operations also verifies Lynas' continued commitment to strong safety, health, environmental and community values and highlights the company's determination to achieve its zero harm goal.

"This commitment extends from the current design and construction of the LAMP through to commissioning, operations and expansion.

"Like everyone at Lynas, I am eagerly anticipating the safe commencement of operations at the LAMP and being able to supply our customers with the product," he added.

The Temporary Operating Licence enables Lynas to commence the transport of rare earth concentrate and to complete all necessary steps to prepare for first feed to kiln, which is expected in October.

The AELB will monitor the plant's operations and adherence to prescribed safety standards.

Compliance with the standards will be the criteria for conversion of the temporary operating licence to a full operating licence during the next two years.

Lynas will also exceed the rigorous standards incorporated into the Temporary Operating Licence by removing from Malaysia the material that is the principal cause of the people's anxiety by engaging with export markets for the processed co-products from the LAMP.

This will be achieved in accordance with all Malaysian regulations and international conventions.

"Lynas will continue its strengthened community engagement programme in Malaysia throughout the construction, commissioning and operations phases," Curtis added.