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Australian critical minerals company Alpha HPA on Monday announced a final investment decision for the second stage of its high-purity alumina (HPA) refinery in Gladstone, Queensland, on the back of a positive definitive feasibility study and securing A$20-million for the development.
The financing comprises A$320-million credit, along with a A$80-million cost overrun, from government agencies and a fully underwritten institutional placement of A$120-million.