The rare earth materials producer said it would also accelerate planning and construction of the PDF following the Cabinet decision to renew Lynas' licence for another six months effective Sept 3.
"Lynas Malaysia's PDF Planning Framework and Site Selection Plan have previously been approved by the AELB. In addition, the Pahang state government has given written approval to locate a PDF in the state of Pahang," Lynas said in a statement on Friday . "The relevant portion of these security amount is expected to be available for the PDF construction project. Further information will be provided on costs and timetable as this project progresses," said Lynas.
"We reaffirm the company's commitment to our people, 97% of whom are Malaysian, and to further developing Malaysia's position as a global rare earths centre of excellence.
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