WA mining project faces 25% cost surge
Cost pressures persist in Western Australia's mining and construction sector, as one of Australia's government-funded renewable minerals processing projects experiences a 25% increase in expenses.
Read MoreCost pressures persist in Western Australia's mining and construction sector, as one of Australia's government-funded renewable minerals processing projects experiences a 25% increase in expenses.
Read MoreMineral sands producer Iluka (ASX:ILU) has made a significant cut to its interim dividend, offering just 3 cents per share for the six months ending June 30.
Read MoreBooming Iluka Resources has taken its first step to a rare earths future by greenlighting its $480 million Balranald critical minerals development in southern NSW’s Riverina area.
Read MoreIluka has moved to secure its first third-party supply of rare earths raw material for its planned $1.2 billion Eneabba refinery and project near Perth via a deal with Northern Minerals.
Read MoreTwo major developments, along with a massive surge in revenues and profits as well as a hefty dividend lift, helped push shares in miner Iluka Resources up nearly 10% on Wednesday.
Read MoreNews from the ASX resources sector on Thursday saw Iluka wasting no time in moving on from Sierra Rutile and Mincor continuing its Lazarus-like renaissance.
Read MoreIluka is urging shareholders to support the demerger of its Sierra Leone beach sands operations to clear the way for the creation of a standalone rare earths operation in WA.
Read MoreThe broker assesses the recent sell-off opens up some value and upgrades to Outperform from Neutral. Targets raised to $13.20 from $13.00.
Read MoreWith some Federal assistance, beach sands miner and exporter Iluka is going ahead with a rare earths refinery in WA that will cost up to $1.2 billion and come onstream in 2025.
Read MoreCredit Suisse retains its Neutral rating and $9 target price.
Read MoreThe strong quarterly report has triggered (noticeable) upgrades to forecasts. Neutral with a target price of $10.00.
Read MoreConsumption of product derived from mineral sands during the pandemic augurs well for Iluka Resources, although border closures deliver challenges.
Read MoreUnderperform rating maintained as Credit Suisse asserts there are plenty of unknowns around growth options. Target is $5.70.
Read MoreMineral sands miner Iluka Resources is moving closer to spinning off its ‘cash cow’ – the royalty rights to part of BHP’s huge WA iron ore mining and export operations.
Read MoreCredit Suisse found little clarity in the June quarter production result but commentary appears to suggest some of the worst may be behind the business.
Read MoreIluka Resources is another company battening down the hatches by withdrawing its 2020 guidance and suspending plans to de-merge its lucrative iron ore royalty business.
Read MoreIluka plans to spin off its iron ore royalty stream in a deal that could see over $1 billion in extra value created for shareholders, as well as a continuing smaller stake in the flow of cash.
Read MoreA glance through the latest expert views and predictions about commodities. Large cap resources; copper; base metals; iron ore; and coal.
Read MoreWhile reviewing the structure of its principal operations, Iluka Resources anticipates a market deficit in zircon and tight feedstock supply should underpin a positive outlook for 2020.
Read MoreCiti notes Iluka Resources is constructive regarding the mid-term outlook for zircon, expecting a market deficit because of declining supply. The company also expects an upturn in pigment demand for feedstocks by mid-2020.
Read MoreA glance through the latest expert views and predictions about commodities. Coal; oil; alumina; iron ore; gold; and diamonds.
Read MoreA glance through the latest expert views and predictions about commodities. China infrastructure; iron ore miners; Indian industry; coking coal; oil; and rutile.
Read MoreIluka has finalised a deal with the IFC whereby IFC will invest and aggregate US$60m and take a 10% stake in the Sierra Leone assets. This leads to a -1% decrease in the company’s annual earnings estimate and a slight downward revision in valuation, Citi calculates. Buy rating and $11 target maintained.
Read MoreWhile resources pundits regard copper as the commodity most reflective of the world’s economic strength or otherwise, the more obscure zircon arguably is an even better guide.
Read MoreA little bit of news management yesterday from beach sand minerals producer, Iluka ahead of a quarterly review and investor update today.
Read MoreBeach sands minerals group, Iluka is boosting interim dividend after a solid return to the black for the six months to June 30.
Read MoreShares in Iluka, the country’s largest beach sands miner reversed Monday’s fall to end yesterday’s session up 1.6% at $11.29 after a solid June quarter and half year production and sales report.
Read MoreIluka Resources shares rose strongly on Tuesday, up 5% at one stage after it reported an improved performance in 2017.
Read MoreShares in mineral sands producer Iluka Resources (ILU) jumped ore than 11% yesterday after it reported sharp rises in output and revenue for the March quarter, thanks to the full inclusion of its recently completed takeover of Sierra Rutile.
Read MoreExcuse me for being cynical, but shouldn’t we be over the now usual ’new CEO’ kitchen sinking of a company?
Read MoreBeach sands producer and exporter, Iluka Resources (ILU) says first-half mineral sands output increased by 5.6% in the June 30 period compared with a year ago as it restarted some mines shut amid the market downturn of the past couple of years.
Read MoreA glimmer of light at the end of the tunnel for Iluka Resources (ILU) which is looking to bring a mothballed Western Australian mine back on line because of what it sees as an improving mineral sands market.
Read MoreShareholders in mineral sands producer Iluka Resources can hang around for the rest of the year in the knowledge that could very well get a New Year present of a capital return in 20912.
Read MoreMineral sands producer Iluka Resources says it increased full-year sales revenue by 63.4% in 2010, reflecting higher sales volumes and higher average prices for zircon.
Read MoreIluka Resources saw a sharp improvement in second quarter sales of its mineral sands products.
Read MoreMeanwhile, mineral sands miner, Iluka Resources, has warned that rutile production at its Murray Basin stage 2 project in Victoria will be lower than previously forecast.
Read MoreMineral sands miner Iluka Resources Ltd recorded a 37.5% fall in sales revenue in calendar 2009, but says revenue increased appreciably in the second half as world prices firmed off the back of the turnaround in China.
Read MoreIluka Resources, the world’s biggest zircon producer, has issued $248 million new shares to institutions to fund the development of the Jacinth-Ambrosia project in South Australia’s Eucla Basin.
Read MoreYesterday, the Australian dollar was trading around 18-year highs for the second time so far this week, and you can imagine the pain and horror many mining companies feel as they watch the currency appreciate.
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