Radioactive waste dispute threatens rare earth producer Lynas’ future
Published: Wednesday, 03 April 2019
The auditors of rare earth producer Lynas have warned that an ongoing legal dispute with the Malaysian government is at risk of threatening the company’s future.
Auditors Ernst & Young warned in a note on
Lynas’ quarterly results on February 28 that
conditions issued by the Malaysian government "cast significant
doubt about the consolidated entity’s ability to
continue as a going concern."
In December 2018, Malaysia’s Atomic Energy
Licensing Board set new pre-conditions for Lynas’