BUSINESS AND POLITICS – MALAYSIA

Relief for Lynas as licence renewed amid Malaysian turmoil

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Original article by Brad Thompson
The Australian Financial Review – Page: 21 : 28-Feb-20

Rare earths producer Lynas Corporation expects to meet the conditions imposed by the Malaysian government in renewing its operating licence for another three years. They include a deadline of mid-2023 to begin extracting low-level radioactive material from rare earths at a cracking and leaching plant in Western Australia, rather than undertaking the initial processing in Malaysia. Lynas must also commence work on developing a permanent disposal facility for radioactive waste in Malaysia within 12 months.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC

Lynas caves in over local processing

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Original article by Paul Garvey
The Australian – Page: 17 & 20 : 9-Apr-19

Dylan Kelly of CLSA estimates that Lynas Corporation will incur costs of about $100m if it shifts the ‘cracking and leaching’ part of its rare earths processing operation from Malaysia to Australia. Malaysian Prime Minister Mahathir Mohamad recently signalled that Lynas will be able to keep its processing plant open provided that early-stage processing is carried out in Australia. Lynas suitor Wesfarmers committed to undertaking this stage of processing in Australia in talks with the Malaysian Government.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, WESFARMERS LIMITED – ASX WES, MALAYSIA. DEPT OF THE PRIME MINISTER, CLSA AUSTRALIA PTY LTD, GREENCAPE CAPITAL PTY LTD, JAPAN AUSTRALIA RARE EARTHS, JAPAN OIL GAS AND METALS NATIONAL CORPORATION, SOJITZ CORPORATION

Lynas fair go plea as tax review looms

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Original article by Peter Ker
The Australian Financial Review – Page: 13 & 16 : 3-Oct-18

Australian-listed rare earths producer Lynas Corporation still does not know if the new Malaysian Government will undertake a review of its refinery. There has been speculation that any such review could include the tax break that Lynas received from the previous government. Lynas CEO Amanda Lacaze says a review of the tax break – which will shortly need to be renewed – is highly possible, and she has urged the government led by Mahathir Mohamad to be "fair and just" if it does undertake a review.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC

Lynas dives on hostile review fears

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Original article by Peter Ker
The Australian Financial Review – Page: 13 & 28 : 25-Sep-18

Media reports in Malaysia have suggested that a mooted government review of Lynas Corporation’s rare earths processing plant in the province of Kuantan may be headed by a politician who has been a critic of the miner in the past. Lynas has advised that the Malaysian Government has yet to confirm that it will undertake a review of the refinery, but this has been widely anticipated since the election of the nation’s new coalition government. Shares in Lynas closed 18 per cent lower on 24 September.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC