REGULATORY · COMPETITIVE · MALAYSIA
Malaysia renews Lynas license, sets waste limits
Change
Malaysia renewed Lynas Rare Earths’ operating license for 10 years (through March 3, 2036) and required it to stop producing radioactive waste by 2031.
Why Now
Science Minister Chang Lih Kang said Malaysia renewed Lynas’ operating license for 10 years, running until March 3, 2036. The license will be reviewed after five years. Malaysia will require Lynas to stop producing radioactive waste by 2031. Chang said any radioactive waste generated within the next five years must be treated and neutralized by extracting thorium or other methods. He also said no new permanent disposal facility will be allowed, and the license can be revoked if Lynas violates its conditions.
Impact
- • Operating license extended through March 3, 2036, with a five-year review.
- • Radioactive-waste production must stop by 2031 under license terms.
- • Next five years’ radioactive waste must be treated/neutralized.
- • No new permanent disposal facility is allowed under the conditions.
Who Recalculates
- • Rare earths mining and refining operators
- • Environmental regulators and licensing authorities
- • Radioactive waste treatment providers
- • High-tech manufacturing procurement teams
Source
Topics
World & Politics Policy & Regulation Business & Markets Manufacturing Climate & Environment Environmental Regulation