CEO Morning Brief

Anwar Confirms Lynas Given Six-month Extension

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Publish date: Mon, 08 May 2023, 08:45 AM
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TheEdge CEO Morning Brief

KUALA LUMPUR (May 7): Prime Minister Datuk Seri Anwar Ibrahim has confirmed on Sunday (May 7) that the government has provided Lynas Malaysia with a six-month extension to fulfil the conditions of its operating licence in the country.

“I think the Science, Technology and Innovation Minister Chang Lih Kang will give a detailed explanation, but from our understanding... the extension is contingent upon conditions and will strictly [be] observed," he said in a brief statement.

A news outlet had reported on Lynas’ extension on Sunday, which was based on an appeal submitted by the company over four conditions imposed by the Atomic Energy Licensing Board.

The appeal is a last-ditch effort to ensure that the rare earth producer can continue operations in Gebeng, Kuantan, after July 1.

The company had previously repeatedly defended itself, claiming that its operations were safe and stressed that the implementation of such licensing conditions would result in a loss of jobs in Malaysia.

Source: TheEdge - 8 May 2023

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