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Wednesday, 10 October 2012 - Malaysia license for Lynas rare earth plant left on hold |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. 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Are class action lawyers in Arkansas snubbing SCOTUS (and CAFA)? Related Topics Tech » Environment » A child wears a headband during a protest against the construction of Australia's Lynas Corp earths plant in Gebeng, 270 km (168 miles) east of Kuala Lumpur June 24, 2012. Credit: Reuters/Stringer KUALA LUMPUR | Wed Oct 10, 2012 2:35am EDT KUALA LUMPUR (Reuters) - A Malaysian court has kept on hold a license granted to Lynas Corp Ltd's controversial rare earth plant, delaying until next month a decision on whether to consider judicial reviews aimed at permanently blocking production. Australia's Lynas, which received a temporary operating license for the $800 million plant early in September, had aimed to start production this month. The firm confirmed in a statement that the launch would be delayed and gave no new timetable. Protests in Malaysia over possible radioactive residue have drawn thousands of people and the project has become a hot topic ahead of an election that must be held by early next year. Activists linked to the environmental group Save Malaysia Stop Lynas want the court to suspend the license until two judicial review cases challenging the government's decision allowing the plant to operate are heard. Lynas says that its plant is safe and is not comparable to a rare-earths plant in Malaysia that was shut by a unit of Mitsubishi Chemicals in 1992, after residents there blamed the plant for birth defects and a high rate of leukemia cases. Hon Kai Ping, a lawyer for the environmental group, said the decision had been delayed by the Kuantan High Court until November 8. It was not immediately clear the reason for the delay, but the environmental group plans to bring in more expert witnesses. "It is another month of relief but we won't be satisfied until Lynas is out of Malaysia," Jade Lee, a member of the Save Malaysia Stop Lynas group and a resident of the eastern city of Kuantan where the plant is located said after the court ruling. Shares in Lynas had closed Wednesday's session 1.2 percent down ahead of the court decision. The rare earth plant -- the biggest outside China -- has been ready to fire up since early May, but the company has been embroiled in environmental and safety disputes with local residents since construction began two years ago. The plant is considered important to breaking China's grip on the processing of rare earths, which are used in products ranging from smartphones to hybrid cars. (Reporting by Siva Sithraputhran and Sydney bureau; Editing by Ed Davies) Tech Environment Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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