Perth’s FYI Resources signs JV with China’s Yuntianhua in Lao potash project

PERTH – The Perth-based FYI Resources has signed an MoU with the Yuntianhua Group (headquartered in Yunnan, China), for collaboration in a potash project with potential resource development and production opportunities in Laos. Yuntianhua, via a subsidiary company – Sino-Lao Mining Development and Investment - majority owns the “Sino-Lao” potash project located approximately 40 km north of Vientiane.

The Sino-Lao project includes an established trial potash production facility and infrastructure, as well as a significant potash deposit.

The Yuntianhua Group is a large chemical and fertiliser manufacturer and supplier based in Yunnan province, China. Yuntianhua also has numerous and diverse non-core business units, and engages in international and domestic trading services, fibreglass products, technology businesses and the supply and marketing of commodities, fertiliser salts and farming products.

The Yuntianhua Group also has a number of strategic relationships with large international companies and international joint venture operations.

FYI Managing Director, Roland Hill, says the Sino-Lao project represents an extraordinary opportunity and is the first step for FYI’s corporate objectives of establishing a material potash presence in Southeast Asia. www.fyiresources.com.au