ASEAN KEY DESTINATIONS
Lynas to update on Malaysian rare earth project
The Malaysian government, under pressure to show that the plant does not pose any radioactive risk, recently set up an independent panel to review the health and safety aspects of Lynas's rare earths plant in the state of Pahang.
Malaysia's International Trade and Industry Ministry will hold a media briefing at 0300 GMT (11am Singapore time) on the same issue. Lynas had hoped to receive a pre-operation license for the plant by September.
The Malaysian plant was supposed to process rare earth concentrate shipped in from the firm's Mount Weld site in Western Australia. The site was scheduled to produce its first feed of ore in late March.
The strategy would make Lynas a key global supplier after top rare earths producer China last year imposed export quotas to retain resources.
Company officials said annual output from the Malaysian plant would hit 22,000 tonnes, meeting roughly a third of total global demand outside China by 2013.
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