A friend pointed this to me today,
An open letter from Lynas to
the government and people of Malaysia
Despite the company’s excellent record of compliance, according to recent media reports, a Lynas Malaysia review committee has been formed. These reports state it will be chaired by a person who openly admits to being anti-Lynas. From media reports, this person has been quoted as stating it will not be an independent review. To date, Lynas has seen media reports about this review committee. However, we have not been notified of the membership of this review committee, the scope of the review or the terms of reference of this committee.
Well, I think it was a fair request. They just want things to be done properly and by the right people.
I guess, they probably had seen that Fuziah's video and worried quite a bit too.
Someone who made such a video may not be the right person to lead the review in an objective and professional manner.
As pointed out, the outcome of the review may have quite an impact on investors' confidence, not only for those from Australia, but also elsewhere in the world.
Hopefully the government will take note of this and reconsider their decision on who should be in the committee and how it's going to go about with the review.
Here's a video on this issue that you may want to watch,