Malaysia extends license for Australian miner's rare earths plant

Six-month extension subject to Lynas building its own leaching and disposal facilities

20190815 LYNAS CORP-MALAYSIA/

Australia's Lynas is the only major producer of rare earths outside of China. © Reuters

P PREM KUMAR, Nikkei staff writer

KUALA LUMPUR -- The Malaysian government has granted a six-month extension to Australian-based Lynas's $800 million rare earths processing plant, putting to rest uncertainties that have been swirling around the controversial project since the government's historic election victory in May last year.

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