I’v noted that this website has been getting abit of hits.
This page was created to show how unreliable some ‘wordpress’ websites are as a source of information as you can basically write and post anything you want. if your going to use ‘wordpress’ as a argument, atleast show the original source the information was taken from.
This website was created in less than 5 minutes so show the unreliability of ‘wordpress’.
Watch this video: http://vimeo.com/19113246
In this ongoing Dragon Metals interview series, we interview some of the top public and private companies in the REE and energy space as well as leading analysts, traders, and top geologists.
Silmet Rare Metals is located in Sillamae, Estonia, Interview & Tour recorded December 20th, 2010 with CEO and Managing Director David O’Brock. Hosted By Kevin Kerr.
Australia is 58 times bigger than Peninsular Malaysia. With a population of 21 million and a government that answers to the people, Australia dare not take a bet that a Rare Earth Plant is worth its risk and investment. AUSTRALIA APPROVED THE LYNAS PLANT IN 1992, UNDER A PREVIOUS MAN…AGEMENT TEAM – BUT THIS PLAN WAS NOT ECONOMICALLY VIABLE AT THAT TIME.
The USA has closed most of its mines, THE USA ONLY HAD ONE RARE EARTHS MINE, WHICH WAS PUT UNDER CARE AND MAINTENANCE WHEN PRICES DROPPED DUE TO CHINESE COMPETITION. NOW PRICES ARE UP AGAIN THIS OPERATION HAS RECOMMENCED AND ARE THEY CONSTRUCTING A NEW PLANT TO EXPAND TO TWICE THE SIZE OF THE LYNAS OPERATION
and so has China. In Mongolia, vast tracts of lands thousands of square kilometres are rendered hazardous, with toxic runoffs destroying everything in their path, with high radioactivity, tainting precious water supplies and this chain reaction will continue for thousands of years. And all this is just from one small factory which has also been closed down. It is surrounded by partly frozen red-colored ‘tailing lakes’ up to a square mile in size and the land is scarred with toxic runoffs from the refining process and pock-marked with craters and trenches. Larger Rare-Earth refineries sit around the banks of the world’s largest tailing lake, Baogang – seven square miles of evil-smelling toxic waste that shows the shocking extent of this industry’s impact. THIS REGION PRODUCES ALMOST HALF THE WORLDS RARE EARTHS – IT IS CERTAINLY NOT A “SMALL FACTORY”. THE ENVIRONMENTAL DAMAGE IN CHINA IS REAL, AND THE CHINESE GOVERNMENT IS SERIOUS ABOUT THE CLEAN UP OF THERE INDUSTRY. THEY ARE DRIVING CONSOLIDATION OF THE INDUSTRY TO ENABLE THE LARGER COMPANIES TO AFFORD AND OPERATE WATER TREATMENT PLANTS, GAS TREATMENT PLANTS AND SOLID MANAGEMENT PROGRAMS. THIS IS PUSHING THEIR COSTS UP, WHICH IS ONE UNDERLYING REASON THE RARE EARTH PRICES ARE INCREASING. LYNAS ALREADY HAS ALL OF THE APPROPRIATE ENVIRONMENTAL PROTECTION EQUIPMENT IN PLACE OR BEING CONSTRUCTED WHICH SHALL MEET GLOBAL STANDARDS – SOMETHING WHICH THE CHINESE INDUSTRY CANNOT DO TODAY.
It is a scene that Chinese officials do not want the world to see. Several villages close to the lake have already been relocated because of pollution and security guards hired by the mining company.
And to think that Malaysia is building the world’s largest Rare Earth Plant is truly madness of the highest order.
AS DISCUSSED ABOVE THE CHINESE INDUSTRIAL PERFORMANCE IS NOT COMPARIBLE TO THAT WHICH LYNAS HAS DESGINED, IS BEING BUILT AND WILL OPERATE AT. I BELIEVE EVEN THE GREEN PARTY NOW ACCEPTS THAT LYNAS WILL OPERATE AT GLOBALLY ACCEPTABLE STANDARDS.
Even massive Australia balks
AS DISCUSSED ABOVE AUSTRALIA HAS NOT BALKED.
Australia with its massive land size, could site it many thousands of miles in the centre of Australia, far away from populated areas and still be shielded should an accident happens but it will not even dream of building one in the country itself. AS DISCUSSED ABOVE AUSTRALIA PREVIOUSLY GAVE APPROVALS FOR THIS PLANT – ON THE COAST NEAR A POPULATION THAT COULD PROVIDE A WORKFORCE.
But Peninsular Malaysia would be dead meat if the inevitable happens. And to think that it could never happen is foolhardy. The Chernoybl meltdown was not supposed to happen and neither was the Fukushima Nuclear Plant in Japan. THE SOLID IRON PHOSPHO GYPSUM WHICH CONTAINS 1600PPM THORIUM FROM A MINERAL PROCESSING PLANT IS INCOMPARIBLE T A NUCLEAR REACTOR – MALAYSIA ALEADY HAS MANY INDUSTRIES WHICH PROCESS MINERAL PRODUCTS AND PRODUCE SIMILAR SOLID BY PRODUCTS, MALAYSIA ALSO HAS A OIL AND GAS INDUSTRY WHICH PRODUCES SOLIDS WITH SIGNIFICANTLY HIGHER LEVELS OF RADIONUCLEI THAN THE LAMP. YOUR STATEMENT IS FEAR MONGERING.
In the event of an accident the fallout could reach within an area of 80km radius, wiping out Kuantan, Pekan, Kemaman and most of the areas around Pahang and Terengganu. Long term the two states will be rendered useless and unliveable. It simply is illogical to site a Rare Earth Refinery so near to a large population and in such a small country. THIS STATEMENT IMPLIES LYNAS IS BUILDING A NUCLEAR REACTOR – PLEASE BASE YOU STATEMENTS ON FACT – LYNAS IS BUILDING A MINERAL PROCESSING OPERATION WHICH PRODUCES SOLID BY-PRODUCTS AS DISCUSSED ABOVE.
Should there be an accident, the Peninsular will never be able to recover, and may even be sued by Indonesia, Thailand and Singapore. And now that Australia with such a huge storage capacity would not allow the waste tailings to be reimported, shows Australia’s determination to wash its hands off the matter. SIMILAR FEARMOGERING
With Australia ’s announcement that they will not accept our waste, what are we going to do with it? Hide it in Taman Negara, on Gunung Tahan, or drop in the sea? Or try to sell it to another unsuspecting third world country? All the profits we make will not be enough to pay for the disposal of the highly toxic waste. THE WASTE IS NOT HIGHLY TOXIC, LYNAS HAS APPROVAL FOR ON SITE STORAGE. SIMILAR MATERIAL IS USED AS ROAD SUB-BASE IN THE USA, EUROPE, AND AFRICA.
Malaysia in its stride to become a global economic powerhouse, should seriously weigh the pros and cons of the project. And anyhow we put it, the cons do outweigh the pros. It would be downright silly to even think that we can outwit nature. A MULTI YEAR PROCESS OF UNDERSTANDING THE PROJECT, ANALYSISING THE BENEFITS TO THE ECONOMY, COMPLETING THE ENVIRONEMNTAL IMPACT STATEMENT, COMPLETING THE RIADIATION IMPACT ASSESSMENT, COMPLETING THE QUANTITATIVE RISK ASSESSMENT, AND MULTIPLE CONSULTATIONS WITH MANY DEPARTMENTS WAS UNDERTAKEN BY YOUR GOVERNMENT. THE RESULTS WERE THEN PUBLICLY REPORTED IN 2009 WITH MULITPLE BRIEFINGS BOTH IN KL AND KAUNTAN TO MEDIA, POLITICAL PARTIES, COMMUNICTY GROUPS AND OPEN BRIEFINGS.
The Pahang MB’s threat to pull the plug on Gebeng with the loss of 20 thousand jobs, should the Rare Earth Plant be called off, is really a childish reaction and a very weak attempt to resolve the problem. And to allow 20,000 people to lose their jobs just because the people rejected this insane project, when the Rare Earth Plant should not be there in the first place, is unbelievable. THE STATEMENT, I BELIEVE, WAS TO HIGHLIGHT THE LYNAS PLANT IS SIMILAR TO EXISITING INDUSTRIES WITHIN THE REGION, FOR ALL THE REASONS STATED ABOVE AND ESLEWHERE ON THIS FACEBOOK PAGE.
It is also preposterous that Officials from the EIA saw it fit to announce that a comprehensive EIA study was unnecessary, EIA was set up for the sole purpose of protecting the environment of the nation, and it is downright insulting of EIA to ignore the people and to side the Federal Government. THE GOVERNMENT HAS CLEAR STANDARDS AND REGULATIONS FOR PROJECTS LOCATING WITHIN GENENG INDUSTRIAL AREA. AN ENVIRONMENTAL IMPACT ASSESSMENT WAS COMPLETED AND IS, I UNDERSTAND, AVAILABLE FOR PUBLIC INSPECTION
If the BN government does not take steps to settle this issue immediately, it will only cause the people to lose faith in the government. Already the Bukit Merah incident is a black mark, and our government should take steps that such an incident should never be allowed to happen again. BUKIT MERAH CAN NOT BE COMPARED TO THE LAMP. THERE ARE SO MANY DIFFERENCES; THE MAIN ONE BEING THE STARTING MATERIAL IS COMPLETELY DIFFERENT, WITH MOUNT WELD CONCENTRATE 50 TIMES LOWER THORIUM CONTENT THAN THE TIN AMANG USED BY ASAIN RARE EARTHS, A PROCESS WHICH IS COMPLETELY DIFFERENT AND DOES NOT CONCENTRATE THE THORIUM RESULTING IN A IRON PHOSPO GYPSUM PRODUCT THAT HAS 300 TIMES LOWER THORIUM THAN THE BUKIT MERAH WASTE. THE AELB WAS NOT FORMED WHEN BUKIT MERAH WAS APPROVED, STANDARDS WERE COMPLETELY DIFFERENT. THE TWO PROJECTS ARE INCOMPARIABLE.
How can our government be fooled by this Orang Putih Foreigners who continues to insult our intelligence? When will we ever learn not to play with fire? In our relentless pursuit for the extra dollar, we continue to mess around with nature without thinking of its disastrous consequences.
Rare Earth belongs in the ground and It should never be dug up and refined in the first place. Just like nuclear fusion, it will cause a chain reaction that may one day cause the end of the world. Chernobyl and the Fukushima Reactor in Japan is a testament to that. YOU CLEARLY DO NOT KNOW MUCH ABOUT RARE EARTHS – RARE EARTHS ARE NOT RADIOACTIVE, SUGGEST YOU GOOGLE IT
180 countries in the world cannot be wrong to reject such a dangerous project. PLEASE NAME THE 180 COUNTRIES WHO REJECT RARE EARTHS? MANY COUNTRIES ARE LOOKING FOR AND IMPORT RARE EARTHS.
There is simply no mitigation possible should an accident happen. Gebeng is also situated very near to the South China Sea and a Giant Tsunami generated from a simple earthquake cannot be discounted from its list of failsafe emergency procedures. I THINK YOU WILL FIND THE EAST COAST OF PENINSULAR MALAYSIA IS WELL PROTECTED BY EAST MALAYSIA AND THE PHILLIPINES FROM THE RING OF FIRE.
One day we may be the laughing stock of the world by our decision to lose a country for the sake of a Rare Earth project. OR THE EVNY OF THE WORLD WITH A SECURE SOURCE OF RARE EARTHS AND DOWNSTREAM INDUSTRY LOCATING TO MALAYSIA TO ACESS IT
The risk is just too high. And it is simply not an option. I BELIEVE THIS VIEW IS INCORRECT FOR THE MANY REASONS GIVEN ABOVE.
Why are they targeting Lynas? But not…
SINGAPORE: Singapore-listed tin producer Malaysia Smelting Corporation (MSC) is currently looking to acquire concessions for 3-4 tin mines in Malaysia and Indonesia to tap into strong demand from China’s booming electronics industry.
The company may invest up to RM200 million Malaysian to increase its mining assets in the near term, MSC CEO Datuk Mohd Ajib Anuar told Reuters in an interview.
MSC currently operates two mines in the Malaysian state of Perak and Indonesia’s Bangka Island. It also processes tin at its two smelting plants in Penang and Bangka, which have total capacity of 60,000 tonnes.
“We raised RM104 million from the Singapore listing, and out of that we’ve earmarked RM80 million for financing development of new mines,” Anuar said.
“With that 80 million (ringgit) plus some borrowing, we would have possibly 150-200 million (ringgit) to look for expansion of new mines,” he said, adding that potential locations are Bangka in Indonesia, as well as Perak and Pahang, two major tin-producing states in Malaysia.
MSC, a Kuala Lumpur-listed subsidiary of Singapore’s property and resources conglomerate Straits Trading , sold 25 million shares at S$1.75 each on the Singapore Stock Exchange in January this year.
Tin is widely used in the electronics, food packaging and chemicals industries. – Reuters
FACTS ABOUT LYNAS
1 Opposition invoked “emotion and anger” to exploit the fear and phobia of nuclear radioactive after Japan’s Fukushima whereby the incident involves a nuclear reactor unlike Lynas that involves a rare earth processing plant of allowable radioactive level.
2 Opposition leader in the State Assembly, Leong Ngah Ngah from DAP, when attending the briefings on the project for elected representatives in 2009, had also agreed to the construction of the project, and was reported by a Chinese daily as saying that the state government had managed to secure a huge investment from abroad.
3 PAS Hulu Langat Member of Parliament, Dr. Che Rusli who is also an expert on radioactivity had also confirmed that the project is not hazardous and within international management standards.
4 New York Times also wrote that the Lynas plant, which is being built in Gebeng, will house radiation sensors and the latest equipment in pollution control, besides featuring 12 acres of temporary storage pools that will be lined with dense plastic and sit atop nearly impermeable clay, to hold the slightly radioactive by-products until they can be carted away.
5 Japan is the world’s biggest importer of rare earths. And China produces 97% of the world supply. At the height of the diplomatic fracas between China and Japan over a disputed island chain, Beijing used this precious metal to force Japan to come to their terms. This product is becoming an effective weapon.
6 China which produces 97% of the world’s rare earth supply but only hold 30% of the world reserve had previously approved Lynas plan to set up the processing plant but the Chinese government had later imposed export limits on all final products as well as export taxes. This is double taxation. The Chinese government now controls and restricts export of all rare earth materials and also applies import and export taxes of up to 25% specifically for rare earths. Lynas was unwilling to invest in China and then have the export of final products controlled by the Chinese government.
7 Beijing pressured the Japanese technology firms who need rare earths to produce everything from smart phones to Toyota Motor Corp.’s prized hybrid automobile, the Prius. One day after the new customs procedures were introduced, Japan – which depends on China for nearly all of its rare earths – caved in to Beijing’s demand in the fight, releasing the captain of a Chinese fishing boat that rammed two Japanese coast guard vessels near the uninhabited islands known as the Senkaku in Japan and the Diaoyu in China.
8 Lynas has committed to place funds with the Malaysian government to ensure safe management of any remaining residue once the plant stops operations.
9 Lynas Corp Ltd had received approvals to build a rare earth refinery in Australia and China but had picked Malaysia as the preferred location given its proximity to market, access to high quality chemicals, utilities and engineering skills. Kuantan Port is strategically located for trade. China’s port is far away and expensive in tax and Australia’s port is neither here nor there in any geographical location.
10 Lynas was granted a 12-year tax break due to their pioneer status such as Amoco and WR GRace. Lynas will promote the influx of supporting industries ; i.e. furniture, chemical product, steel and etc. Money will be trickle down to the community especially retailing and F&B.
11 Lynas has struck a deal with another company to turn the waste product into concrete. The low levels of thorium could be converted into safe byproducts such as cement aggregate for road construction. China is already doing this. (Rare earths contain low-levels of radioactive material)
12 If opposition successfully stop the Lynas plant, the world will lose their confidence in Malaysia as a nation that is incapable of making decisions based on international standards and laws. PM will lose his command and credibility as being unable to give security and confidence to the investors when faced with local political pressure.
13 Lynas site approval came from the International Trade and Industry ministry and the Atomic Energy Licensing Board (AELB) and not the State Government of Pahang.
14 AELB is an international body which govern the conduct of all nuclear and atomic activities. It has an international radar screen which monitor all the radioactive plant site of which a country is a treaty to it including Malaysia. Malaysia as a signatory party has to followed the required international standard before approving any atomic or nuclear activities.
15 Malaysia is following in the footsteps of Indonesia, Vietnam and Bangladesh which will be operating their first nuclear power plant by 2020. Although Bangladesh was comparatively less industrialised than Malaysia, it evertheless planned to have its nuclear power plant built by 2020.
16 The raw material processed at the Asian Rare Earth Plant in Bukit Merah which used tin mining tailings as its raw material is different from the one uses by Lynas as the former contained high levels of thorium, which was the source of high levels of radiation.
17 Under current regulations, the raw material processed at Bukit Merah could not be processed in Australia, Malaysia or China and by contrast, the Lynas raw material contained naturally low levels of thorium 50 times lower than the tin tailings used by Asian Rare Earth.
18 The employees will be exposed to just 10 per cent of the additional radiation an average person receives in their daily lives, which is less than the exposure to a person getting a medical or dental x-ray once a year (0.39 mSv/year). Referring to Nuklear Malaysia’s report, each person receives an average of 2.4 millisieverts (mSv) of radiation from their natural surroundings annually. The Asian Rare Earth raw material was tin mining tailings which contained high level of thorium, 50 times higher than
19 The raw material that will be used at LAMP. On average, a Lynas worker will receive 2mSv/year (millisievert/ year) of radiation compared with 150 mSv/year received by those who smoke a pack of cigarettes daily or the 9 mSv/year absorbed by airline crew.
20 The radioactive element, thorium, in its raw material from Mount Weld was 50 times lower than those in Bukit Merah. At these levels, exposure to radiation is less than taking a flight on a commercial airline or using a mobile phone. It means you get more radiation exposure by taking a flight or using mobile phone.