Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>  Daily News  >>  ASEAN ANALYSIS

ASEAN ANALYSIS

Asean Affairs   30 June  2011

Malaysian rare earth plant said to be safe

By  David Swartzemtruber

 
AseanAffairs     30 June 2011

Related Stories

June 29,2011
Thai election has implications for Asean

June 28,2011
Philippines-US naval exercises come at tense time

June 27,2011
Bangkok polls get off to a flying start

June 26,2011
WEEKLY SUMMARY

June 24,2011
South China Sea dispute heats up

June 23,2011
THE QUINTESSENTIAL TEST OF ASEAN CENTRALITY

June 22,2011
Thailand after the election


There is good news for Malaysian Prime Minister Najib Razak as the plans to develop a rare earth refinery in the country have passed the muster of the International Atomic Energy Agency (IAEA).

The Australian firm, Lynas Corporation Ltd., plans to take ore from Australia and process it into rare earths in Gebeng, Pahang, Kuantan, Malaysia. The IAEA said the plant is safe but Lynas must make improvements in 10 “various technical areas” before it can proceed to the next licensing phase of the project.

The Lynas project is not the first rare earth plant in Malaysia and the earlier one, developed by Mitsubishi, was a disaster. The Mitsubishi plant closed in 1992 but left behind victims of leukemia, whose illness can be traced back to the plant, according to Malaysian doctors.

Mr. Nicholas Curtis, Lynas chairman, says the new Lynas plant, will process ore that has only 3 to 5 percent of the radioactivity that the Misubishi ore contained. That radioactivity is in the form of thorium and the long-term storage of the thorium is still an open issue. However, Lynas plans to mix the radioactive part of the waste with lime to dilute it to a thorium concentration of less than 0.05 percent — the maximum permitted under international standards to allow the material to be disposed with few restrictions.

The new plant is also designed to keep its 450 workers safe through increased automation in the manufacturing process.

Lynas says the new, US$230 million plant will meet one-third of the world’s needs for rare earths, which are used in the production of various high-tech products used in many fields, in- cluding aviation. Currently, China has a monopoly of the production of rare earths and in recent disputes with Japan has cut off the supply of rare earths to that country. The world will thus gain a new source of rare earths freed of political strategy.

If rare earth prices stay at current levels, the refinery will generate $1.7 billion a year in exports starting late next year, equal to nearly 1 percent of the entire Malaysian economy.

Although there was immediate objection to the refinery because of the bad taste left by the Mitsubishi plant, the opposition intensified following the recent Japanese nuclear power disaster.

At that point, Razak moved to ask the IAEA to appoint a team of experts to review the safety of the project. Malaysia’s prime minister must certainly be pleased with the outcome of the review.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code



 
Today's  Stories    30  June  2011 Subsribe Now !
 • Saudis ban Indo and Philippine domestics Subcribe: Asean Affairs Global Magazine
• Indonesia could beat economic forecasts Asean Affairs Premium
• Malaysia's successful sale
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

 
• Lynas to update on Malaysian rare earth project
• Court ruling on foreign ownership hits Philippines
• Thailand-Cambodia border dispute flares
• Thailand's economic outlook expected to hold
• Foreign investors look at Vietnam's mining sector p

Asean Analysis    30  June  2011

Advertise Your Brand
• Malaysian rare earth plant said to be safe Sponsor Our Events

Asean Stock Watch    30  June  2011 

 
• Asean Stock Watch-June 30 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com