Govt’s firm decision on Lynas' licence a good move, says former minister

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Govt’s firm decision on Lynas' licence a good move, says former minister
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KUANTAN: Former minister Yeo Bee Yin has lauded the government's decision to stand its ground in continuing to impose a prohibition on cracking and leaching on Lynas Malaysia by July 2023.

KUANTAN: Former minister Yeo Bee Yin has lauded the government's decision to stand its ground in continuing to impose a prohibition on cracking and leaching on Lynas Malaysia by July 2023.

"Lynas fought very hard and they managed to lobby enough people in the name of economic development, jobs, FDI etc. "They subsequently announced that they were able to satisfy the conditions imposed by the Malaysian government and would build cracking and leaching facilities in Kalgoorlie, Australia. Yeo said Lynas' profit for the 2022 financial year was AU$540mil while the cracking and leaching facilities' construction cost in Kalgoorlie was estimated at AU$575mil .

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