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Resistance caused Lynas extra RM561 million

2015-08-18 37 Dailymotion

Lynas CEO Nick Curtis said they underestimated the opposition to the rare-earth refinery plant by the group Save Malaysia Stop Lynas, in a interview with the Wall Street Journal.

The delay brought on by the activist group cost Lynas an extra Rm561 million (AUD175 million) and the whole project was pushed back a full year.