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Lynas rare earths company drops defamation case against Save Malaysia Stop Lynas.

Lynas drops case against Malaysia greens AAP JUNE 18, 2013  AUSTRALIAN rare earths miner Lynas Corporation has dropped defamation action against a Malaysian green group. In April last year, Lynas initiated legal proceedings against Save Malaysia Stop Lynas.

Two months later, independent media website Free Malaysia Today apologised for running stories sympathetic to the activists, who opposed plans for a processing plant. Lynas Corporation chief executive Eric Noyrez on Tuesday said solicitors had been instructed to discontinue legal action against the activist group.

“There is no value in continuing disputes with members of our local community,” he said in a statement.

“Therefore, Lynas intends to instruct its solicitors to discontinue its defamation claim against the Save Malaysia Stop Lynas group.”…. Lynas shares fell 1.25 cents, or 2.84 per cent, to 42.75 cents following the statement’s release.http://www.heraldsun.com.au/business/breaking-news/lynas-drops-case-against-malaysia-greens/story-fni0xqe4-1226665659143

June 19, 2013 - Posted by Christina Macpherson | Legal, Malaysia