LYC 2.89% $5.69 lynas rare earths limited

dr looi on fb malaysia

  1. RVR
    6,237 Posts.
    lightbulb Created with Sketch. 2303
    A good post by Dr Looi on Lynas Malaysia FB 24 Dec:
    (It's about time that the hypocracy of targeting our safe operation, but not the more radioactive industries in Malaysia, is pointed out.)

    o Hw Looi *
    Quote Joe Mamak 18.12.12: " Doctor, better we get them to remove the waste. Why should we be their dumping ground? Whether zero radioactive or slightly radioactive." Unquote.

    Comment:

    It is rather unfair to say that the Australians are using Malaysia as their "DUMPING GROUND".

    THEY ARE CREATING 1,750 GOOD QUALITY JOBS FOR OUR PEOPLE WITH THOUSANDS MORE JOBS AS "SPIN-OFF" EFFECTS AND WE ACCUSE THEM OF USING MALAYSIA AS THEIR DUMPING GROUND?

    DON'T YOU THINK THAT IS RATHER UNFAIR AND INCONSIDERATE?

    AS STATED BY MORMAN FREDERICK MOORE, THE AUSTRALIAN MINISTER FOR MINES AND PETROLEUM, IF LYNAS HAVE CHOSEN TO OPERATE IN WESTERN AUSTRALIA, IT WOULD BE WELCOMED WITH OPEN ARMS !

    For the last 40 years or so, Malaysian tin production is practically non-significant and the STRAITS TRADING COMPANY, THE ONLY TIN REFINERY LEFT HAS BEEN IMPORTING HUGE QUANTITIES OF TIN ORE FROM THAILAND AND INDONESIA FOR REFINING.

    THIS HAS PRODUCED A HUGE AMOUNT OF TIN SLAG WHICH IS A MUCH, MUCH MORE RADIOACTIVE SUBSTANCE THAN THE LYNAS WASTE.

    MONAZITE WHICH IS ONE OF THE "WASTE" OF THE TIN INDUSTRY HAS A RADIOACTIVITY OF 284 Bq/g OR 69,608 ppm (parts per million) of Thorium-232 and Uranium-238 (only a small part of the Lynas residue , the WLP, is weakly radioactive). The WLP has only about 6 Bq or less than 1,600 ppm.

    WHY IS IT THAT THE ANTI-LYNAS FOLKS ARE NOT DEMANDING THAT THE STRAITS TRADING COMPANY SEND ALL THE AMANG AND TIN SLAG BACK TO THAILAND AND INDONESIA, since these slag and amang are 4,700% more radioactive than Lynas "waste" which is only 6 Bq/g?

    I am very sure both Thailand and Indonesia would love to be given back these slag and amang as they are not as mentally deficient as the Anti-Lynas folks.

    This slag is a rich source of Tantalum and other useful metals. REMEMBER THE RADIOACTIVE TIN SLAGS FROM EASTERN SMELTING COMPANY WHICH WERE USED TO FILL THE OLD STADIUM AND THE ROADS IN PENANG... MOST OF THEM HAVE BEEN DUG UP BY THIEVES AND SOLD AT A HANDSOME PROFIT MANY YEARS AGO.

    According to AELB,

    "THERE ARE MORE THAN 10 FACILITIES THAT ARE VERY SIMILAR TO LYNAS.

    SOME OF THEM ARE PRODUCING HIGHER RESIDUES, HIGHER CONCENTRATION OF URANIUM AND THORIUM."

    QUESTION: WHY IS IT THAT THERE ARE NO DEMONSTRATIONS BY
    THE ANTI-LYNAS FOOT-SOLDIERS AGAINST THESE 10 CHEMICAL
    PLANTS ALREADY IN MALAYSIA THAT ARE PRODUCING "WASTES
    WITH HIGHER CONCENTRATIONS OF URANIUM AND THORIUM"?

    Quote Nick Tsurikov, International Radiation Safety Expert:

    " For example - the highest number for gamma radiation (at 1 meter distance) from lynas concentrate could not be more than 3-4 microSv/hour.

    From monazite (6-7% thorium), I've measured about 250-300 microSv/hour.

    Meaning that, even if we won't take any 'internal exposures' into account (that would be quite significant too) - a worker only needs to be close to the stuff for four hours to reach the annual limit for members of the public and for about 80 hours to get to the worker's limit of 20 mSv/year.

    In case of Lynas concentrate - I do not see much of a possibility of internal exposures and a worker standing 1 meter from the concentrate cannot get to more than 8 mSv/year (40% of the limit), even in the theory..." Unquote.

    MALAYSIA HAS A LOT OF OIL PALM FACTORIES AND PLANTATIONS IN INDONESIA.

    IF INDONESIA WERE TO INSIST THAT THE WASTES FROM ALL MALAYSIAN OIL PALM FACTORIES AS WELL AS ALL THE WASTES FROM THE PLANTANTIONS MUST BE SENT BACK TO MALAYSIA,

    WOULD MALAYSIA BE STUPID ENOUGH TO AGREE TO SUCH A DEMAND ?

    MOREOVER, WE HAVE A LOT OF STUDENTS AND TOURISTS IN AUSTRALIA.

    IF AUSTRALIA WERE STUPID ENOUGH TO INSIST THAT THE POO AND URINE OF ALL THESE STUDENTS AND TOURISTS (please note: poo and urine are radioactive because of the high potassium content) MUST BE SENT BACK TO MALAYSIA BEFORE WE ARE ALLOWED TO SEND OUR STUDENTS AND TOURISTS THERE,

    WOULD THE MALAYSIAN GOVERNMENT AGREE ?

    SO DO NOT BE SO UNREASONABLE AND EXPECT AUSTRALIA TO TAKE BACK THE "WASTES" FROM PLANTS THAT HAS EXPORTED THEIR JOBS TO OTHER COUNTRIES .... THEY ARE ALREADY FEELING VERY SORE ABOUT THESE "UNPATRIOTIC" COMPANIES.

    And don't be so ungrateful to someone who is creating thousands upon thousands of high quality jobs for our people, UNLIKE THE BRAINWASHED ANTI-LYNAS FOLKS WHO ARE TRYING SO HARD TO DESTROY THE RICE BOWLS OF MORE THAN 1,750 POOR INNOCENT HARDWORKING DIRECT AND INDIRECT EMPLOYEES OF LYNAS ! ! ! !

    Warmest regards,

    Dato' Dr Looi Hoong Wah
    FAMM, MB., ChB(Manchester), MRCS(England), MRCP(UK) MRCP(London)
    *
    http://kickdefella.net/2012/04/17/lynas-negligible-radiation-but-only-toxic-chemical-waste/#more-5242
    December 24 at 10:51pm
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$5.69
Change
0.160(2.89%)
Mkt cap ! $5.318B
Open High Low Value Volume
$5.51 $5.72 $5.51 $34.45M 6.117M

Buyers (Bids)

No. Vol. Price($)
5 75089 $5.68
 

Sellers (Offers)

Price($) Vol. No.
$5.70 63441 5
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
$5.70
  Change
0.160 ( 3.08 %)
Open High Low Volume
$5.55 $5.72 $5.53 1881896
Last updated 15.59pm 28/03/2024 ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.