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03:34 can be extracted from the WLP residues, so that the residues can be released from the law under Article 304.
03:43 I am confident that with this development, the operation of the law will protect the interests of the people and the like.
03:53 The country will be able to attract billions of dollars in investment in the local natural gas industry,
03:59 to support the high-tech advanced material production industry.
04:04 I just want to clarify, out of the four conditions, we only amend two.
04:13 One is to allow them to continue to import lanthanide concentrate.
04:18 Secondly, allow them to have cracking and leaching.
04:21 But the other two, including BDF, they still have to build.
04:27 And the other one, of course, the 1% R&D fund, is not a softening of position.
04:35 Before this, our concern is we do not want continuous accumulation of radiative waste in Malaysia.
04:43 So we do not allow them to import and do not allow them to process it, because that will produce radiative waste.
04:51 So with the technology today that we are talking about, thorium extraction,
04:58 they can either extract thorium from the waste or they can extract from the feedstock lanthanide concentrate.
05:05 So once they have extracted, then they go through cracking and leaching, there won't be any radiative waste.
05:12 The waste will be scheduled waste, because it is under one beckerel per gram.
05:19 So it gels well with our initial intention, which is to not allow continuous accumulation of radiative waste.
05:32 But with this technology, thorium extraction, they are not going to produce any radiative waste in the future,
05:41 because we are giving them two years to scale it up.
05:44 So is this a proposal by Linus to do this thorium extraction?
05:49 So after two years, what happens?
05:52 After two years, they have to be sure that they can do that.
05:57 Because we also have our team to verify and do due diligence on the technology.
06:04 And it is feasible from our team point of view.
06:09 It is very feasible and they can be done in two years' time.
06:13 So we are giving them that grace period to scale it up from lab scale to pilot and to commercialisation.
06:20 I think people want to know, because they will continue to do cracking and leaching, right?
06:25 And they just want to know, given that BDF is not 100%, are they going to store, are they going to inspect, are they going to do it properly?
06:34 We have our team to inspect regularly from our nuclear, Jabatan Nuklir.
06:42 We will monitor, but at the same time, with this thorium extraction technology we are talking about,
06:52 in the future, we won't need to be worried about all this waste.
06:58 So in the meantime, over these next two years, how much waste did you expect to accumulate?
07:05 I mean, right now they already have 1.12 million tonnes.
07:07 The capacity of the BDF will be 1.6 million metric tonnes.
07:13 Now, approximately 1.2, so they still have about 400,000 metric tonnes.
07:20 So once they exit that, then they have to either stop or they have to extract thorium from there,
07:28 so that they could reduce it and they have more space to keep.
07:32 You are quite near the capacity already, right?
07:36 Now 1.2. The capacity is 1.6.
07:40 Until they can be ready to extract thorium from it, it is still highly radioactive?
07:46 Not highly, but radioactive that needs to be regulated.
07:50 It's about 6 becquerel per gram.
07:52 So the BDF is about half built?
07:56 Yeah, about half built.
07:58 And it should be ready next year?
08:00 I think so. I need to find out.
08:06 So if that 1.6 million and the BDF is only half built, that means part of the BDF waste is exposed?
08:14 Yeah, it is. I mean, now it is.
08:16 But we can only ask them to speed up the building of BDF.
08:20 But they are putting it in a temporary site.
08:25 I mean, of course, people make noise because of that.
08:28 But we are pushing them to speed up.
08:33 But that condition, we didn't change. We didn't amend that.
08:37 So they still have to build.
08:39 The temporary site is also in the same place, right?
08:42 Yeah, in their compound.
08:45 So there is no new land given to them? It's the same place?
08:48 No land given.
08:50 Okay. Thank you.
08:52 Thank you.
08:54 [end]
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