Lynas $800 million plant on the east coast Malaysia began operations in 2012 after long delays caused by legal challenges and environmental disputes.
Malaysia Mining News
The Australian rare earths miner said it was disappointed with Malaysia's decision to impose new conditions on its licence to operate in the country, adding it was considering all options, including legal action.
It needs to be removed by September 2, 2019, when Lynas' temporary storage licence expires.
The shutdown of the controversial plant could see the Australian rare earths producer take a A$16 million hit.
The Australian rare earths miner has been granted an extension to a temporary permit to store residue at its Malaysian site.
The precious metal can help save lives.
From vacuum cleaners to electric vehicles.
465,000 tonnes of nickel play 'hide and seek'
Deputy Minister Fuziah Salleh, a long-standing critic of Lynas’ plant, offered to step down from the committee reviewing the facility following criticism that she would not be impartial.
Shares in Australian rare earths miner Lynas Corp jumped 12 percent on Friday after Malaysia's prime minister downplayed the roles of two Lynas critics.
The newly-elected coalition government is said to be ready to launch a three-month evaluation of Lynas' rare earths processing plant, which may end with authorities denying the company’s operating license renewal in Sep. 2019.
Malaysian media reported the newly-elected coalition government will shortly begin a three month evaluation of the company's rare earths processing operations in the province of Kuantan.
Forget gold, the crazy cobalt price or lithium frenzy; this junior mining company is upending the sapphire (yes sapphire) market.
The issuing of export permits, however, will resume as soon as existing stockpiles shrink.
The country, the biggest supplier of bauxite to China, said the ban takes takes effect from Jan. 15.
Malaysia is pushing to suspend bauxite mining due to concerns about its impact on the environment, a cabinet source said on Saturday, threatening to interrupt supplies of the aluminium-making material to China.
ANZ predicts that as incomes rise across Asia, particularly in China and India, so will the appetite for gold rings and necklaces.
Five Chinese workers were injured Saturday in a coal mine explosion in eastern Malaysia, Chinese consulate in Kuching told Xinhua on Sunday. The explosion has left three persons killed and 29 injured.
Emerging markets may give support going forward.
Event increases global tensions and demand for safe-haven metal.
Firm struggled to increase output due to problems at Malaysian plant.
Number one iron ore producer, Vale says first of its giant carriers will dock at its new Malaysian transshipment hub next month.
Opponents of the Australian rare earth miner's controversial Malaysian refinery are calling for a shutdown after an accident at the facility over the weekend killed an engineer.
World oil production rose about 2.5% last year, from 4,019 million tonnes in 2011 to 4,119 million tonnes in 2012.
Australian miner rockets 14% after saying first commercial rare earths available within weeks. Molycorp et al surge in sympathy.