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KUALA LUMPUR, Malaysia — A controversial rare earth metal refinery in Malaysia encountered further obstacles this week, with the country’s political opposition refusing to participate in a parliamentary committee set up to investigate the safety of the plant and with hints that the refinery could face further construction delays.
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Lai Seng Sin/Associated Press
Thousands turned out last month in at least four Malaysian cities for demonstrations against Lynas’s rare earth metal refinery.
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The plant, which is being built by the Australian company Lynas, is one of two giant projects intended to break China’s near-monopoly on the production of rare earths; the other is in the California desert near Death Valley. But the Malaysian project, on the outskirts of Kuantan, one of the country’s largest cities, has become a lightning rod for activists and residents concerned about possible radiation leaks.
Rare earths are used for a wide range of high-technology products, including smartphones, smart bombs and electric cars. They are found in nature with radioactive contaminants that must be separated and disposed of during refining.
Lynas says that its ore, mined in the Australian desert, has a lower concentration of these contaminants than many rare earth deposits elsewhere.
The refinery has received a temporary operating license from the Malaysian government, but the project has already had a series of delays and protests. Last month, demonstrations in Kuantan and at least three other cities around the country, including Kuala Lumpur, attracted thousands of protesters.
The Kuala Lumpur High Court on Tuesday directed Malaysia’s Atomic Energy Licensing Board to provide details of the temporary license that it gave Lynas. The court acted after a group of residents near the refinery filed an application for a judicial review of the license, said K. Shanmuga, one of the group’s lawyers.
Lynas originally planned to finish the factory by last September, despite warnings by engineers that it would not be ready then. But the company ran into delays and ended up announcing in the fall that the project would not be finished until the second quarter of this year.
An engineer with a detailed knowledge of the project said Wednesday that another delay had come up in recent days. Complex electronic components that require a long time to manufacture were ordered late and will not be ready for the first phase of the refinery’s construction until November, said the engineer, who requested anonymity to avoid retaliation by Lynas in the close-knit mineral processing industry.
Parts of the refinery can be commissioned without the components, including kilns for drying ore, the engineer said, but other sections of the production process require the components.
Lynas denied that it was facing further construction delays, saying in a statement that any parts arriving late this year would be for either a spare parts inventory or a planned second phase that would double the capacity of the refinery.
“Attempts to characterize it otherwise are either misinformed or a deliberate distortion,” the company said.
The engineer disagreed, insisting that the parts were needed for the first phase.
The United States, the European Union and Japan filed a complaint with the World Trade Organization last week against China, accusing it of violating free trade rules with its quotas and taxes on rare earth exports. Japan announced Wednesday that Steven Chu, energy secretary of the United States, would join senior European and Japanese officials for talks in Tokyo next Wednesday on ways to recycle rare earths or develop alternative supplies.
Attempts by Lynas to reassure the public that the plant is safe have failed to satisfy activists and opposition parties.
The Malaysian government announced Saturday that it would establish a bipartisan parliamentary committee to investigate public concerns about the safety of the plant. Critics assailed the move as a public relations exercise in advance of elections widely expected to be held later this year.
The committee was to include four members from the governing coalition, three from the opposition and one independent member. But on Tuesday, the opposition announced that it would boycott the panel.
Fuziah Salleh, the opposition member of Parliament for Kuantan who has been a leader of the protest movement, said the opposition had decided not to take part in the committee because the government was using the panel to try to quell public worries. She contended that the government would allow the plant to go ahead regardless of the committee’s findings.
Prime Minister Najib Razak has said that the committee was being set up to engage with the public but that it would not decide the fate of the project, according to a report Saturday by the national news agency Bernama.
“It’s a fait accompli right from the beginning,” Ms. Fuziah said.
1 2 Next Page »
Liz Gooch reported from Kuala Lumpur, and Keith Bradsher from
Enlarge This Image
Lai Seng Sin/Associated Press
Thousands turned out last month in at least four Malaysian cities for demonstrations against Lynas’s rare earth metal refinery.
Add to Portfolio
Go to your Portfolio »
The plant, which is being built by the Australian company Lynas, is one of two giant projects intended to break China’s near-monopoly on the production of rare earths; the other is in the California desert near Death Valley. But the Malaysian project, on the outskirts of Kuantan, one of the country’s largest cities, has become a lightning rod for activists and residents concerned about possible radiation leaks.
Rare earths are used for a wide range of high-technology products, including smartphones, smart bombs and electric cars. They are found in nature with radioactive contaminants that must be separated and disposed of during refining.
Lynas says that its ore, mined in the Australian desert, has a lower concentration of these contaminants than many rare earth deposits elsewhere.
The refinery has received a temporary operating license from the Malaysian government, but the project has already had a series of delays and protests. Last month, demonstrations in Kuantan and at least three other cities around the country, including Kuala Lumpur, attracted thousands of protesters.
The Kuala Lumpur High Court on Tuesday directed Malaysia’s Atomic Energy Licensing Board to provide details of the temporary license that it gave Lynas. The court acted after a group of residents near the refinery filed an application for a judicial review of the license, said K. Shanmuga, one of the group’s lawyers.
Lynas originally planned to finish the factory by last September, despite warnings by engineers that it would not be ready then. But the company ran into delays and ended up announcing in the fall that the project would not be finished until the second quarter of this year.
An engineer with a detailed knowledge of the project said Wednesday that another delay had come up in recent days. Complex electronic components that require a long time to manufacture were ordered late and will not be ready for the first phase of the refinery’s construction until November, said the engineer, who requested anonymity to avoid retaliation by Lynas in the close-knit mineral processing industry.
Parts of the refinery can be commissioned without the components, including kilns for drying ore, the engineer said, but other sections of the production process require the components.
Lynas denied that it was facing further construction delays, saying in a statement that any parts arriving late this year would be for either a spare parts inventory or a planned second phase that would double the capacity of the refinery.
“Attempts to characterize it otherwise are either misinformed or a deliberate distortion,” the company said.
The engineer disagreed, insisting that the parts were needed for the first phase.
The United States, the European Union and Japan filed a complaint with the World Trade Organization last week against China, accusing it of violating free trade rules with its quotas and taxes on rare earth exports. Japan announced Wednesday that Steven Chu, energy secretary of the United States, would join senior European and Japanese officials for talks in Tokyo next Wednesday on ways to recycle rare earths or develop alternative supplies.
Attempts by Lynas to reassure the public that the plant is safe have failed to satisfy activists and opposition parties.
The Malaysian government announced Saturday that it would establish a bipartisan parliamentary committee to investigate public concerns about the safety of the plant. Critics assailed the move as a public relations exercise in advance of elections widely expected to be held later this year.
The committee was to include four members from the governing coalition, three from the opposition and one independent member. But on Tuesday, the opposition announced that it would boycott the panel.
Fuziah Salleh, the opposition member of Parliament for Kuantan who has been a leader of the protest movement, said the opposition had decided not to take part in the committee because the government was using the panel to try to quell public worries. She contended that the government would allow the plant to go ahead regardless of the committee’s findings.
Prime Minister Najib Razak has said that the committee was being set up to engage with the public but that it would not decide the fate of the project, according to a report Saturday by the national news agency Bernama.
“It’s a fait accompli right from the beginning,” Ms. Fuziah said.
1 2 Next Page »
Liz Gooch reported from Kuala Lumpur, and Keith Bradsher from
She said the opposition had requested a number of conditions, like a stop-work order on the plant while the committee’s investigation took place and a revocation of Lynas’s temporary license until the committee had issued its findings. But she said the government had refused to accept the opposition’s requests.
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“We made it clear that for the committee to be effective, the select committee should be given the mandate to decide on the safety and what is the final outcome,” she said. “However, the government side is only keen to use the select committee as a public relations tool to engage with the public to allay the fear and concerns regarding the safety.”
Ms. Fuziah said she had been hopeful that the opposition could participate in the committee, but “finally we decided that it would be a waste of time because they have already decided,” she said.
According to the Bernama report, Mr. Najib said he hoped the committee could raise awareness of the project so that “we can achieve comfort in terms of better public acceptance.”
Khaled Nordin, the minister of higher education and the head of the committee, said Wednesday that Parliament had approved the establishment of the committee and that he expected the names of the committee members to be announced Thursday.
He said the opposition’s decision not to participate in the committee was “political.”
James Chin, a political scientist and the director of the School of Arts and Social Sciences at Monash University in Malaysia, said that under the rules of Parliament, the government could still proceed with the panel even if the opposition refused to take part.
Mr. Chin said that the safety of the plant could become a concern for more voters but that for now it was mainly an issue for people who lived near the refinery.
“For the other members of the general public, it’s not really a big issue yet,” he said. “It has the potential of becoming a really big issue, so it depends on how the government handles it.”
Ms. Fuziah said another rally was planned for next month.
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“We made it clear that for the committee to be effective, the select committee should be given the mandate to decide on the safety and what is the final outcome,” she said. “However, the government side is only keen to use the select committee as a public relations tool to engage with the public to allay the fear and concerns regarding the safety.”
Ms. Fuziah said she had been hopeful that the opposition could participate in the committee, but “finally we decided that it would be a waste of time because they have already decided,” she said.
According to the Bernama report, Mr. Najib said he hoped the committee could raise awareness of the project so that “we can achieve comfort in terms of better public acceptance.”
Khaled Nordin, the minister of higher education and the head of the committee, said Wednesday that Parliament had approved the establishment of the committee and that he expected the names of the committee members to be announced Thursday.
He said the opposition’s decision not to participate in the committee was “political.”
James Chin, a political scientist and the director of the School of Arts and Social Sciences at Monash University in Malaysia, said that under the rules of Parliament, the government could still proceed with the panel even if the opposition refused to take part.
Mr. Chin said that the safety of the plant could become a concern for more voters but that for now it was mainly an issue for people who lived near the refinery.
“For the other members of the general public, it’s not really a big issue yet,” he said. “It has the potential of becoming a really big issue, so it depends on how the government handles it.”
Ms. Fuziah said another rally was planned for next month.
Antwort auf Beitrag Nr.: 42.971.641 von Focus11 am 29.03.12 09:54:13Lesenswert!
Regt zum Denken und Reflektieren an!
Danke!
Regt zum Denken und Reflektieren an!
Danke!
Zitat von Fuenfvorzwoelf: Australische Gerüchteküche brodelt ...
von Resourced
who funds environmental groups?
ein berechenbares longinvest, wenn man wie BLOOM Finanzmittel temporär erübrigt.
a) man bestückt die gruppen, je nach zielsetzung (bsp. ree)
b) zwangsweise drückt es den kurs der branche, vorzugsweise in dem entspr. land wo die gruppen tätig sind (bsp. AUS)
c) man kauft dann über "befreundete" banken zum niedrigen EK ein.
d) zieht die gruppen sukzessive wieder ab
e) profitiert an steigenden kursen
ganz einfach oder?
der normale aktienlemming kauft dann zum höchstkurs ein...wenn die baken wieder aussteigen
mein 2/3 verbilligungskauf rückt näher...
...noch was...wo sind eigentlich die ratingagenturen, die monatelang in der EU abgestuft haben? was ist los? us-wahlkampf? kann man keine unnötigen diskussionen störfeuer aus der EU bzw. Ratingagenturen gebrauchen???
VG, WEBSIN
lies dir bitte mal den Link durch den Andreas50 gepostet hat.
hier nochmals der Link:
http://www.aktienboard.com/forum/f22/toedliche-kunst-aktienm…
hier nochmals der Link:
http://www.aktienboard.com/forum/f22/toedliche-kunst-aktienm…
Trading Spotlight
Australische Gerüchteküche brodelt ...
von Resourced
who funds environmental groups?
Despite the considerable focus that we have naturally had on this board to the environmental protests in Malaysia, I think it is constructive to put this into a global context.
It appears green groups globally are becoming increasingly more agressive, well-funded, litigious and social media savvy. Just look at the coal-seam gas protests in Australia. I was speaking to a business colleague recently who was bemoaning the fact that community information meetings in relation to CSG in Australia are being stacked with rent-a-crowd green supporters who are disrupting the meetings and preventing information from being disseminated. Witness the recent press in Australia how the green groups have said they will tie up and delay projects they dont like in court. The same is happening in the US and Europe.
I was very interested to read this morning in the Australian Financial Review that Michael Bloomberg (mayor of NY and owner of Bloomberg) is giving $50 million annually to an anti-coal green group that is now focussing on Oz coal miners.
If you recall Bloomberg's news servioe has over the last year or so issued a few highly misleading articles about Lynas. The New York-based Rockefeller Family Fund is also a generous funder of green protests. I wonder how much advertising revenue the NYT gets from New York City and Rockefeller associated groups?
Maybe it is not China that is the source of our problems in Malaysia...
Not that I am in to conspiracy theories at all...
von Resourced
who funds environmental groups?
Despite the considerable focus that we have naturally had on this board to the environmental protests in Malaysia, I think it is constructive to put this into a global context.
It appears green groups globally are becoming increasingly more agressive, well-funded, litigious and social media savvy. Just look at the coal-seam gas protests in Australia. I was speaking to a business colleague recently who was bemoaning the fact that community information meetings in relation to CSG in Australia are being stacked with rent-a-crowd green supporters who are disrupting the meetings and preventing information from being disseminated. Witness the recent press in Australia how the green groups have said they will tie up and delay projects they dont like in court. The same is happening in the US and Europe.
I was very interested to read this morning in the Australian Financial Review that Michael Bloomberg (mayor of NY and owner of Bloomberg) is giving $50 million annually to an anti-coal green group that is now focussing on Oz coal miners.
If you recall Bloomberg's news servioe has over the last year or so issued a few highly misleading articles about Lynas. The New York-based Rockefeller Family Fund is also a generous funder of green protests. I wonder how much advertising revenue the NYT gets from New York City and Rockefeller associated groups?
Maybe it is not China that is the source of our problems in Malaysia...
Not that I am in to conspiracy theories at all...
Antwort auf Beitrag Nr.: 42.971.412 von suffkopf am 29.03.12 09:22:44warum unter 80 cent? verkaufst Du Deine Liter Bier für 75cent ?
hauptsache die 3 € kommen...wobei ich ja sagen muß dass ich vom all in weg bin und noch weitere invest eingeganen bin ( Molycorp war mein letzes ) leider bin ich nicht all in bei northern graphite da habe ich nur ganz wenig drin uind die sind in den letzten tagen um 50 % hoch...alle minen werte sind gestern runter meine kupfermine schon wider um 5 % das nervt langsam wirklich.....
bei lynas sehe ich auch nur die zeitgeschichte...kommt zeit wirds gut...
ich rechne nun wirklich mit 2015 als endkurszietl und hoffe bis dahin möglichste wenig tage unter 80 cent ( rein psychologisch ) zu schließen....mitlerweile bin ich froh bei 1,33 120 000 stücke gegeben zu haben...den rest behalte ich natürlich denn ich bi der meinung dass wir hier ne tolle sache haben die sich in den nächsten jahren rechnet...meine kursziele habe ich schon mehrfach gepostet und ich bleibe dabei...wobei ich auch annehme dass der ree preis steigt bis 2020 und wir die 200 dollar nochmal sehen und bis dahin hat lynas auch hrée 8 z.b. über northern minerals )
wat hilfts warten wirs ab...2015 wir kommen dann werde ich eben später super reich
bei lynas sehe ich auch nur die zeitgeschichte...kommt zeit wirds gut...
ich rechne nun wirklich mit 2015 als endkurszietl und hoffe bis dahin möglichste wenig tage unter 80 cent ( rein psychologisch ) zu schließen....mitlerweile bin ich froh bei 1,33 120 000 stücke gegeben zu haben...den rest behalte ich natürlich denn ich bi der meinung dass wir hier ne tolle sache haben die sich in den nächsten jahren rechnet...meine kursziele habe ich schon mehrfach gepostet und ich bleibe dabei...wobei ich auch annehme dass der ree preis steigt bis 2020 und wir die 200 dollar nochmal sehen und bis dahin hat lynas auch hrée 8 z.b. über northern minerals )
wat hilfts warten wirs ab...2015 wir kommen dann werde ich eben später super reich
Antwort auf Beitrag Nr.: 42.970.823 von Randfontein am 29.03.12 03:42:03Weinfest in der Woistraß?
Bierfest bei Suffkopf?
In Australien wird irgendein Zeugs geraucht?
Da haben wir doch fast alles abgedeckt.
Bierfest bei Suffkopf?
In Australien wird irgendein Zeugs geraucht?
Da haben wir doch fast alles abgedeckt.
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