Court to rule on Lynas licence
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AAP
2012-11-08
Shares in rare earths miner Lynas Corporation have been halted from trade ahead of an outcome in a court case relating to its licence to operate a plant in Malaysia.
Lynas was granted a temporary operating licence for its controversial advanced materials plant on Malaysia's east coast in September, but local activists have sought a judicial review of that approval.
Environmental activists and local residents argue the plant will produce radioactive pollution.
The Kuantan High Court is scheduled to make a decision on Lynas' operating licence on Thursday.
Lynas shares last traded at 72 cents, well below the 89.5 cent-level they reached after the temporary operating licence was granted.
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