The rare earths company will be allowed to continue importing and processing rare earths until March 2026.
KUALA LUMPUR: Lynas Malaysia’s operating licence has been renewed, allowing the company to continue importing and processing rare earths until March 2026.
Items below 1Bq/g are not considered radioactive waste by the Atomic Energy Licensing Board and thus do not come under the purview of the Atomic Energy Licensing Act . The thorium extraction is currently at laboratory level and will have to be scaled up for commercialisation, he said. Asked whether this provided a “win-win” situation for Lynas and the government, he said it fulfilled the intention not to continuously accumulate radioactive waste and also to solve the existing waste problem.
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