FYI updates value of alumina project to US$1 billion
Perth materials technology group FYI Resources has increased estimates of the net present value of its Western Australian high purity alumina (HPA) projects by 87 per cent to $1.33 billion (US$1.014 billion) The company plans a kaolin mine and processing at Cadoux, WA and an HPA production plant at Kwinana south of Perth. FYI said…