Australia’s Lynas corporation accused of fraud – secrecy over radioactive waste disposal
Malaysian MP accuses Australian company of fraud, 702 ABC Sydney , 29 Sept 11, South East Asia correspondent A Malaysian MP has accused an Australian company of corporate fraud in relation to the building of an ore processing plant in Malaysia.
The Lynas Corp plant will process ore from Western Australia in Malaysia, extracting rare earth minerals for hi-tech manufacturing. The ore contains low levels of radiation, but the Australian company says its plant will be safe.
But Malaysian MP Fuziah Salleh has lodged an official complaint with the Australian Securities and Investments Commission (ASIC). In a letter to ASIC, she says the company promised the International Atomic Energy Agency it would intensify consultation.
She says the company’s failure to publicly release a waste disposal plan amounts to corporate fraud…..The plant is expected to be complete by the end of the year..
http://www.abc.net.au/news/2011-09-29/malaysian-mp-accuses-australian-company-of-fraud/3034900/?site=sydney
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