LYC 1.47% $6.88 lynas rare earths limited

Further to that: WLP Action Plan 2018: Applications for THREE...

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    Further to that:

    WLP Action Plan 2018:
    Applications for THREE Special Management projects of residue/product (including WLP), the final step before commercialization, were submitted for approval to the regulator to the DOE. 1ST letter sent 15 June 017
    ▪ ONCE APPROVED, Lynas will start commercialization.
    https://www.lynascorp.com/Shared Documents/Action Plan for Residue Management 2018.pdf


    ADDITIONAL ASSURANCE FROM A PERMANENT DISPOSAL FACILITY (PDF)

    A PDF will always be the last choice in any residue management strategy because it is an unproductive long-term use of the residues and of the land. Lynas subscribes to this strategy but at the same time realizes that an assurance must be given to the public that should the need arise for a PDF, Lynas is prepared for it.

    The regulator approved Lynas PDF plan can now be substantiated with real information and experiences gathered from the use of the current on-site residue storage facility (RSF) to accurately design and construct a future PDF, if the need arises. However, the preferred option under the Lynas residue management plan is commercial reuse, and not permanent storage.

    Lynas' commitment to safety and the environment includes a security deposit, held by the AELB, as an additional assurance of our commitment to residue management. We have deposited over US$30m with the AELB and will deposit up to US$50m by December 2019, an amount sufficient for a PDF and site remediation, if the need arises.
    https://www.lynascorp.com/Pages/Residue-Tailings-Management.aspx
 
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