With eye on FDI, PM says must rethink Lynas decision to avoid making costly mistake | Malay Mail

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BANGKOK, Nov 4 — Malaysia must tread carefully in deciding what whether or not to allow Australian miner Lynas Corp to continue its rare earths refinery in Pahang as the wrong decision could have a devastating effect on investments into the country. Tun Dr Mahathir Mohamad said today that...

Monday, 04 Nov 2019 04:05 PM MYTPrime Minister Tun Dr Mahathir Mohamad said Malaysia must tread carefully in deciding what whether or not to allow Australian miner Lynas Corp to continue its rare earths refinery in Pahang as the wrong decision could have a devastating effect on investments into the country. — Bernama pic

“We are worried about radioactivity. We sent in a team of experts to examine operations. They reported that it is not dangerous but that the waste should be dealt with, if possible to send it back, but we can’t do it, nobody wants to accept it. “Of course, Lynas wishes to invest more in Malaysia. And it’s a big investment running into billions. We can’t afford to ask them to go away,” he said.

We did not know how bad the situation was. We heard people say this is going to emanate a lot of radioactivity, radiation and all that.” “In the case of Lynas, it is not as dangerous as it was made out to be. So we have to think again on the consequences. He said Lynas has already agreed to build the permanent disposal facilities for the “minimal” radioactive wastes generated by its Pahang refinery, and that if the government continues to impose new, additional conditions, investors will stay away from Malaysia and that would hurt the country in the long run.

 

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