Tag: FYI Resources

A $189M new high purity alumina (HPA) plant will be established in Kwinana, WA, by FYI Resources, with about 30pc of the financing secured from a European private fund. Luxembourg’s GEM Global Yield, a US$3.4b alternative investment group, will be financing $80m or about 30pc of the cost to build the proposed Kwinana plant. First production of HPA is targeted in the second quarter of 2022, with the company aiming to produce up to 8000tpa. FYI Resources managing director Roland Hill says the company is pleased to secure significant equity funding, which will de-risk the project by providing funding access at critical development stages. “Our definitive feasibility study outcome was outstanding, with results within five pc of our pre-feasibility study…

FYI Resources’ kaolin project in WA has received formal approval for its Mining Proposal (MP) and Mine Closure Plan (MCP) from the WA Department of Mines. This represents a significant step toward the development of the FYI 100pc-owned ML70/1388 high purity alumina (HPA) project. FYI managing director Roland Hill said that now that this milestone has been reached, the company was waiting on only minor regulatory approvals. “FYI will continue progressing its HPA strategy in anticipation of arranging full project funding and a formal decision to mine from the FYI Board,” he said. The approval covers the planned mining, processing, site infrastructure, waste facilities, haul roads and other construction required. The granting of the MP and MCP follows approvals in…

BY ELIZABETH FABRI THERE was lithium, cobalt and graphite; now, a new technology commodity market is emerging – high purity alumina (HPA). Currently fetching prices as high as $US40,000 per tonne, demand for the aluminium oxide powder is set to explode in the coming years.  We chat with near term producer Altech Chemicals. Australia is well placed to meet global demand for HPA, with a handful of projects at various stages of development. The processed premium non-metallurgical alumina product (with a purity equal to or greater than 99.99 per cent) is characterised by its low friction, non-corrosiveness, and thermal and electrical insulating ability. The product is sought after in an array of technology applications, acting as the separator between the…