Tag: Cataby

All images: Iluka Resources    BY: JESSICA CUMMINS   It’s been a year of delivery for Iluka Resources, with completion of its $275 million Cataby mineral sands project edging closer, and expansion plans moving forward across its Jacinth-Ambrosia and Sierra Leonean operations.   PERTH based major mineral sands company Iluka Resources has its hands full with construction works in the final stages at Cataby, and development works progressing on four expansion projects. The miner finished the first half of the calendar year in a strong position, with net profit after tax of $126 million; underlying group EBITDA up 80 per cent to $279 million compared to the first half of 2017; strong free cash flow of $226 million; and a...

All images: Iluka Resources.   MINERALS sands miner Iluka has been a bit of a sleeper in the resources rally. Minimal debt, great assets and excellent management – coupled with the best market conditions in five years – has Iluka well placed for a year of delivery at its Sierra Rutile, Jacinth-Ambrosia and Cataby projects. Reuben Adams spoke with Iluka Resources chief financial officer and head of Strategy and Planning Doug Warden.     Q. During Iluka’s 2017 full year results conference call chief executive Tom O’Leary said “we're not looking to push prices so hard that we invoke substitution and a shrinking of the overall global demand profile, as happened earlier in the decade”. How will you ensure that price...

Heavy mineral concentrate stockpiles at Jacinth- Ambrosia. Image: Iluka Resources.   BY ELIZABETH FABRI   AFTER experiencing significant financial losses during 2016, international minerals sands company Iluka Resources is back on track with the Sierra Rutile acquisition now under its belt, and a handful of advanced production and exploration opportunities in progress to deliver future growth.   Iluka Resources is finally making a comeback. At the end of 2016, the company reported an 11.4 per cent decline in revenue brought on by low market conditions from the minerals sands sector, which was partially responsible for a total reported loss of $224.0 million after tax. However, higher commodity prices this year have generated a substantial increase in revenue for the global miner....