Malaysia gives nod for Australian miner Lynas to import, process rare earths until March 2026

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Malaysia gives nod for Australian miner Lynas to import, process rare earths until March 2026
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KUALA LUMPUR, Malaysia (AP) — Malaysia's government said Tuesday it will allow Lynas Rare Earth to continue to import and process rare earths until March...

KUALA LUMPUR, Malaysia — Malaysia's government said Tuesday it will allow Lynas Rare Earth to continue to import and process rare earths until March 2026, after the Australian miner proposed a new technology to extract radioactive elements from the waste it produces.

Science Minister Chang Lih Kang said the two conditions for renewing Lynas' license had been met after the company proposed a way to extract thorium, the radioactive element, from the raw rare earths it imports and from the more than 1 million tons of waste sitting at its factory.Chang said the government's about-turn was not a softening of its stance.

Lynas insists its operations are safe. It had earlier taken its dispute with the government to a Malaysian court. Environmental groups have long campaigned against the Lynas refinery, demanding that the company export its radioactive waste. They contend that the radioactive elements, which include thorium and uranium among others, are not in their natural forms but have been made more dangerous through mechanical and chemical processes.

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