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BRIEF-Lynas Corp Updates In Relation To Permanent Disposal Facility

Published 30/01/2020, 10:59 pm
BRIEF-Lynas Corp Updates In Relation To Permanent Disposal Facility
LYC
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Jan 30 (Reuters) - Lynas Corporation Ltd LYC.AX :

* PERMANENT DISPOSAL FACILITY (PDF) FOR WLP RESIDUE IN MALAYSIA

* UPDATES IN RELATION TO PERMANENT DISPOSAL FACILITY

* STATE GOVERNMENT OF PAHANG HAS ISSUED ITS CONSENT TO A SITE FOR PDF FOR WATER LEACH PURIFICATION RESIDUE

* APPOINTED GADING SENGGARA AS CONTRACTOR TO MANAGE ENTIRE PDF PROJECT

* EXPECTS SITE WILL BE SUITABLE AS LOCATION OF PDF

* US DOLLAR AMOUNT OF ESTIMATED TOTAL AMOUNT TO BE PAID TO GSSB FOR MANAGING ENTIRE PDF PROJECT IS US$98 MILLION

* DEPOSITED A TOTAL OF US$50 MILLION IN CASH AND BANK GUARANTEES WITH AELB

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