This Gerhard Schmidt was paid by SMSL to write a "scientific" report on Lynas earlier this year. He refused to contact Lynas or visit the LAMP saying that he had all that he needed from SMSL! Some objective institute! I guess money talks! And SMSL who give the impression that they are local retired teachers on fixed pensions can afford the money to pay for the "report" and now can invite and host a group of people to rail against Lynas. Question is where are they getting the money from, who is funding them? Maybe it is time the Malaysian Rgister of Societies take a very close audit of SMSL books.
Yeah and the other 28 million plus Malaysians did not sign the petition ..this was started by Wong Tack who by the way is a large plan plantation owner ..which displaces native plant life and destroys animal habitat. Wong is also a member of the Malay Opposition Party DAP which are mainly a Chinese party with a smattering of Indians and few native Malays.
In fact the DAP is already pushing its weight against one of its allies in the opposition coalition (the Muslim based PAS). DAP's chairman Karpal Singh called for all race and religion-based political parties or associations to be deregistered, including PAS!!! .....with friends like these who needs enemies? In one of the provinces DAP controls they have not alowed the showing of a film because they did not like it. Goodness knows what will happen should DAP ever get into power over all of Malaysia!
Last year I got notified via email a month before the AGM .. this year nothing .. and the meeting's on Nov 29 ..
No need IMO ... what is needed is a change in the Chair and maybe throw out all the Directors who have been influenced by him ....
I'm voting NO to Resolution 3. re-electing Nick as Chair ... my broker says they will vote my portion of the LYSCF shares they way I want ... not sure yet about the other three resolutions but trending negative on 1 (remuneration report) and 4. (EN's performance rights) ..
Anyone else voting?
Lynas is holding its Annual General Meeting on 29 November and they have 4 resolutions coming up for vote.
1) Remuneration Report
2) Confirming Eric Noyrez as Director
3) Re-electing Nick Curtis as Director
4) Issuance of performance rights for Eric Noyrez.
I know LYSCF share holders cannot vote directly but LYSDY share holders should be able to if they received the materials from Lynas.
:"Regarding the U.S. position in the international REE arena, Eric Hannis, senior fellow in defense studies at the American Foreign Policy Council in Washington, DC, states: “In much the same way that we should strive for independence from Middle Eastern oil, the United States now needs to make ‘rare earth independence’ from China a key priority of government. After all, the nation that supplies our rare earths shares one key similarity to the region that supplies much of our oil: neither are getting friendlier to America.”
Apparently Congress has gotten the message. Last year, Rep. Doc Hastings, (R-WA), Chairman of the House Natural Resources Committee, said: “Just like the United States’ dependence on foreign oil causes pain at the pump, Americans will soon feel the impact of China’s monopoly on the rare-earth element market.”
In September, the House of Representatives passed, with bipartisan support, HR 761: the National Strategic and Critical Minerals Production Act of 2013, with the goal of allowing for the more efficient development of the U.S.’s $6.2 trillion worth of minerals and metals without minimizing or hindering the environmental review process.
On October 29, 17 Senators (nine Republicans and eight Democrats) introduced similar legislation: The Critical Minerals Policy Act of 2013 to “help reduce the nation’s dependence on foreign suppliers.” According to the Background and Section-by-Section Summary: “The legislation directs the Secretary of Interior to establish a list of minerals critical to the U.S. economy and, pursuant to those designations, outlines a comprehensive set of policies that will bolster critical mineral production, expand manufacturing, and promote recycling and alternatives—all while maintaining strong environmental protections.”"
on Nov 4th at 34.5 cents (Australian) a share ... It's posted on their website
Finally an insider purchase!! And not a small token amount like 10,000 shares ...
Just saw it on their website
4 November 2013
$14.1 Million Received in Respect of Eligible Research and Development Expenditure
As foreshadowed in the Quarterly Activities Report that was released on 31 October 2013, Lynas Corporation (ASX:LYC, OTC:LYSDY) has now received A$14.1 million from the Australian Taxation Office (ATO) relating to eligible research and development (R&D) expenditure incurred during the year ended 30 June 2013, principally on the development of the Lynas Mt Weld Rare Earths Project.
The amount was received under the Australian R&D Tax Incentive Program, which helps businesses to offset a portion of costs related to eligible R&D activities and innovation. The program is administered jointly by AusIndustry and the ATO.
Saw it on themalaymail
PUTRAJAYA, Oct 25 — Two groups of Kuantan residents failed in their appeals at the Court of Appeal, here, today to have High Court judge Datuk Seri Mariana Yahya recused from hearing their judicial review applications which challenged the approval of a temporary operating licence (TOL) for the Lynas rare earth plant.
A three-member panel chaired by Justice Datuk Zaharah Ibrahim unanimously dismissed the appeals brought by the first group led by Tan Bun Teet, Syed Talib Syed Sulaiman and Hasimah Ramli and the second group comprising Ismail Abu Bakar and Tan Ah Meng.
She held that the court did not see any prejudice to the residents if Justice Mariana continued to hear their judicial review applications.
Justice Zaharah said this was because leave was already granted to the residents to commence the judicial review.
Justice Zaharah was presiding on the panel with Justices Datuk Anantham Kasinater and Datuk Abang Iskandar Abang Hashim.
........................... etc etc etc
they have been freaking nanny's for a while I think they changed their policy .... so no links or even a hint of a link .... I ran into this s**t a while back sure is a bummer not being abe to link ....
As formerly announced, the subsequent Phase 2 production will be determined by a various factors, primarily being market conditions.
As announced on 16 September, the Company has successfully agreed changes to a number of terms in the Sojitz / JOGMEC loan facility. Lynas expects to defer beyond 2013 a substantial amount of working capital which was necessary to pass some production-based tests.
Further updates, including detailed production and sales data, will be provided in the Company’s September 2013 Quarterly Activities report, which is expected to be released on 31 October 2013
30 September 2013
Lynas Corporation (ASX:LYC, OTC:LYSDY) provides the following update regarding the Lynas Advanced Material Plant (LAMP) in Malaysia. As outlined in the Company’s June 2013 Quarterly Activities Report, a series of work programs involving equipment changes and materials handling to improve the capability of the cracking and leaching units of Phase 1 of the LAMP to operate continuously at nameplate production capacity were planned in the second half of 2013. These programs do not involve significant capital investments and are being progressively implemented.
A number of these work programs in the cracking area are now complete and are working. The remaining work programs in leaching are continuing as scheduled. The Company is achieving improved operational performance in the cracking and leaching units of the LAMP; however, completion of the entire work program is required to properly assess the full extent and sustainability of improved operational performance.
Commercial production of REO products from the LAMP remains at reduced volume until these work programs are concluded, as previously reported. As such, REO production in the September 2013 quarter remained at low volumes. Equipment modifications continue, according to the delivery lead time of various items. Production is expected to build up through the December quarter with a target of completing all changes by the end of 2013.
The Company has made progress in the customer qualification process, with 25 qualifications for products by customers achieved to date. Furthermore, the Company has had sales of each of its full REO product suite, and this is expected to contribute to a standard price distribution for the September quarter.
Commissioning of the Phase 2 expansion project to 22,000tpa REO production capacity is pending regulatory approvals of completion and first feed to kiln is scheduled to follow in November.
He also added that the Lynas plant should not be equated with the Fukushima radiation as these are two different plant nature.
"I do not want to postulate on the matter. If there is power failure in our plant, we will shut it down," he said.
The Lynas plant is expected to operate on full steam by the end of the year, said Mashal. Questions were also raised to why Lynas is not staying in Australia?
"It is mainly because of economical costs. It makes more sense to place the plant in Malaysia as it is more cost effective.
An example will be, 1 cubic metre water is charged at RM0.68 in Malaysia, while in Australia, it is RM6.
"Malaysia was also selected because of its ready available technical manpower compared to Australia's insufficient manpower in the field," said Lynas Malaysia communications and public relations general manager, Amin Abdullah.
Amin goes on to add that the plant is built in Gebeng Industrial Park where several other plants are also located there. He had also said that human beings are exposed to radiation almost everyday but it is dosage and the duration that meddles with health concerns.
"The end product contains 40% moisture, its almost like clay, you don't see dust flying around as how some claimed about air borne risk factors," he said.
Mashal later clarified how rare earth can contribute to a greener society where rare earth helps enhance technology.
"It helps in ensuring that technology works better," he said referring reduction of energy consumption seen through the auto catalytic converter in cars where it helps increase fuel efficiency
From Sun Daily
PETALING JAYA (Sept 26, 2013): There is no need for a Permanent Depository Facility (PDF) in Lynas Malaysia Sdn Bhd at this stage.
Lynas Malaysia vice-president and managing director Datuk Mashal Ahmad said that they had successfully found a method to convert Water Leach Purification (WLP) waste into save commercial products.
"The PDF is used to store very low level WLP residue and is only required in a chemical plant as a safety measure in any case the plant is not able to convert the WLP into safe commercial products," He said this at a lecture entitled "Rare Earth: Towards a Greener Future" at University Malaya here today.
"However, I don't intend to build the PDF as to date, Lynas has already developed the product into non-toxic, non-leachable and non-radioactive. The PDF has in fact become irrelevant but because the local government requires us to send in a PDF building plan, we have done sohe said
Mashal also explained that the WLP are products that are co-products generated from the leaching process to recover Rare Earth elements.
"WLP product contains low levels of naturally occurring radioactive elements of thorium (6.0 Bq/g) and uranium (0.02 Bq/g)," he said.
To ensure safety of employees and people who live in Kuantan, Lynas had also embarked on a Radiation Monitoring Programme.
"The Aerosol Monitoring System has proven that the Lynas Advanced Materials Plant (LAMP) did not cause any change in radiation level. This measurement was done in the span of eight months," he said.
He also added that the Radiological Impact Assessment (RIA) showed that actual occupational external dose exposures were less than the constraint limit of 6mSv per year and much less than the Atomic Energy Licencing Act's 20mSv permissible limit for radiation workers.
"The permissible limit for public is 1mSv per year and the radiation exposure to public from the Lynas plant is at 0.002mSv, which is 500 times lower," he said.
I was checking the govt website a few minutes ago and looks like the Tasmanian govt EPA has approved the Lynas pilot plant.
From the Grant County Beat
Washington, D.C. (September 18, 2013) – Today, the House of Representatives passed H.R. 761, the National Strategic and Critical Minerals Production Act of 2013, which was sponsored by Western Caucus member Congressman Mark Amodei (R-NV). Congressman Amodei and Western Caucus Co-Chair Cynthia Lummis released the following statements in response to the passage of this important legislation:
"In the 2012 ranking of countries for mining investment, the United States ranked last in permitting delays. Duplicative regulations, bureaucratic inefficiency, and lack of coordination between federal agencies unnecessarily threaten the economic recovery of my home state and are jeopardizing our national security,” said Congressman Amodei. “Nevada, which is rich in strategic and critical minerals, also has the highest unemployment rate in the nation. Decade-long permitting delays stand in the way of high-paying jobs and revenue for local communities. This bill would not change environmental regulations or public input. It would streamline the permitting process to leverage our nation's vast mineral resources, while paying due respect to economic, national security, and environmental concerns."
“Right now, nearly all of our rare earth minerals are imported from countries like China,” added Congresswoman Lummis. “These minerals are used in our everyday devices, from cell phones to medical equipment, and are also necessary for national defense and manufacturing. This near total and dangerous dependence on others for our critical minerals is senseless. We have many of the minerals we need right here in Wyoming. Unfortunately, we also have truckloads of red tape that we don’t need. Among the top 25 mining countries in the world, the United States ranks last, right alongside Papua New Guinea, in mine permit delays. The bi-partisan National Strategic and Critical Minerals Production Act of 2013 will help us cut through this red tape... etc etc