Antinuclear

Lynas prepares waste disposal plan at behest of Malaysian PM, Brisbane Times, By Colin Kruger, August 1, 2019  Lynas Corp said it is scouting locations for a permanent disposal facility (PDF) in Malaysia for its controversial radioactive waste the day after Malaysian Prime Minister Mahathir Mohamad suggested this is the compromise that will secure its licence to operate in the country beyond September 2.Dr Mahathir signalled on Thursday that his government has dropped its demand for Lynas to ship its radioactive waste out of the country in order for it to secure a licence renewal, but it is not clear whether his ruling coalition has formally agreed to the decision.

In a statement to the media on Thursday, Dr Mahathir said the government was waiting on the rare earths group’s plan to set up a permanent disposal facility in Malaysia for the 450,000 tonnes of low level radioactive waste ahead of a licence renewal deadline.

The rare earths producer’s shares jumped 6.32 per cent to $2.69 on Friday.

“We are giving this condition to Lynas that they should have a plan for dealing with the waste,” Dr Mahathir told reporters.

“We are waiting for them to tell us how they will do that, whether they find a place where they can deposit the waste or not.”

In a statement to the ASX on Friday, Lynas welcomed the comments, which indicate that export of its waste is no longer a condition of licence renewal……. https://www.brisbanetimes.com.au/business/companies/lynas-prepares-waste-disposal-plans-at-behest-of-malaysian-pm-20190801-p52d3g.html