MELBOURNE: Auditors to rare earths producer Lynas Corp flagged a material risk to its business on Thursday, after Lynas said it could not meet a timeline from Malaysian regulators to export a waste product before its operating licence comes up in September.
In December, Malaysia’s Atomic Energy Licensing Board told Lynas - the world’s biggest producer of rare earths outside China - that it must export stockpiles of a type of residue from its processing plant by Sept.
2, when its full operating stage licence is due for renewal.Malaysia Latest News, Malaysia Headlines
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