Malaysia set to withdraw demand over export of Lynas' rare earth waste

Australian miner Lynas mines rare earth minerals in Western Australia and processes them at its plant near Kuantan in Pahang.
Australian miner Lynas mines rare earth minerals in Western Australia and processes them at its plant near Kuantan in Pahang.PHOTO: REUTERS

KUALA LUMPUR - Malaysia will likely withdraw a demand for the controversial but highly strategic Lynas rare earth plant to export half a million tonnes of feared radioactive waste as a condition for renewing its licence, and instead direct it to build a permanent disposal facility (PDF) at the Australian miner's cost.

The Straits Times understands that the Cabinet discussed this proposed compromise earlier this month but is putting off an announcement. The government had said previously it would announce its decision in mid-August before Lynas' licence expires on Sept 2.

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