Australian resource firm FYI Resources Ltd. announced yesterday a Memorandum of Understanding with Alcoa of Australia to develop high-purity alumina (HPA).
According to industry media, variability trials at the pilot plant will determine the viability of such a partnership, which would involve jointly developing FYI’s HPA refining project. FYI is working to develop a process for producing HPA that it says will also provide a superior quality product to currently available HPA.
This week’s memorandum will make it possible for the two firms to enhance its technical capabilities and current capacities in the production of aluminium, says FYI.
Roland Hill, FYI’s Managing Director, says his firm is eager to have the opportunity to partner with Alcoa.
“They will join us in co-developing the HPA process flowsheet and refining technologies, and commercialising the HPA business model as outlined in our recently published 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 bluechip partners to work alongside FYI in commercialising our HPA,” Hill concluded.
FYI Resources has previously announced plans for the construction of a A$238-million HPA plant that will utilize the firm’s kaolin resources in Cadoux, Western Australia. The proposed plant is expected to refine around 8 thousand metric tons per annum of high-purity alumina over a 25-year period.