Alcoa casts an eye to FYI

8th September 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior FYI Resources has inked a memorandum of understanding (MoU) with aluminium major Alcoa to potentially develop FYI’s High Purity Aliumina (HPA) project, in Western Australia.

The two companies will explore the possibility to jointly develop the HPA refining project, as well as to establish offtake customers into the HPA markets.

“We are very pleased to have the involvement of Alcoa, one of the world’s most successful alumina producers, to potentially partner in developing our HPA project,” said FYI MD Roland Hill.

“They will join us in co-developing the HPA process flowsheet and refining technologies, and commercialising the HPA business model as outlined in our recent definitive feasibility study (DFS).

“This represents a significant step forward in our project development and is consistent with our broader development objective of attracting globally significant and strategic blue chip partners to work alongside FYI in commercialising our HPA.”

The DFS into the HPA project estimated that some 8 000 t/y of HPA could be produced from the integrated operation over a mine life of some 25 years, at a capital cost of $198-million.

The integrated project is expected to generate annual earnings before interest, taxes, depreciation and amortisation of $133-million and cash flows of $88-million.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION