Rare earths miner Lynas Corporation has almost doubled its half-year loss, blaming the slower-than-anticipated ramp-up of its Malaysian processing facilities near Kuantan while struggling with the prolonged downturn in prices.
Rare earths processing plant, Lynas has complied with the legal requirements set by the Department of Environment (DOE) and the Atomic Energy Licensing Board (AELB) during its temporary operating licence (TOL) period.
The radiation level at the rare earth Lynas Advanced Materials Plant (LAMP) in Gebeng has been verified as being within the levels permitted by local and international standards, 11 months after it first began operation.
The highly concerned permanent disposal facility (PDF) of Lynas Advance Material Plant (Lamp) would be located at its plant in Gebeng Industrial Park near Kuantan, Deputy Science, Technology and Innovation Datuk Dr Abu Bakar Mohamad Diah said.
As one bad choice leads to another, since the government has opened the door for the crisis-ridden industry, it must face its potential sequelae. Today, the government is trapped in a waste disposal crisis.