BRIEF-Lynas Says Malaysian Govt Announced Lynas Malaysia's Operating Licence Will Be Renewed

Aug 16 (Reuters) - Lynas Corporation Ltd:

* LYNAS - CONFIRMS THAT MALAYSIAN GOVERNMENT HAS ANNOUNCED THAT LYNAS MALAYSIA'S OPERATING LICENCE WILL BE RENEWED BY DUE DATE OF 3 SEPTEMBER 2019

* UNDER NEW LICENCE, LYNAS IS REQUIRED TO COMPLETE RELOCATION WITHIN 4 YEARS.

* LYNAS CORPORATION - LYNAS MALAYSIA IS REQUIRED TO OBTAIN CONSENT FOR LOCATION OF A PERMANENT DEPOSIT FACILITY (PDF) FOR WLP RESIDUE WITHIN 6 MONTHS

* ONCE TRANSITION TO WESTERN AUSTRALIA IS COMPLETE, WLP RESIDUE WILL NO LONGER BE PRODUCED IN MALAYSIA

* UNDER NEW LICENCE, LYNAS IS REQUIRED TO COMPLETE RELOCATION OF CRACKING & LEACHING TO WESTERN AUSTRALIA WITHIN 4 YEARS

* LYNAS CAN OBTAIN CONSENT FROM ANOTHER COUNTRY TO RECEIVE WLP MATERIAL Source text https://reut.rs/2Z7qS7V Further company coverage: