Poor demand hurts Iluka profit

Poor demand for mineral sands output unlikely to recover soon.

Poor global prices for zircon, rutile and titanium dioxide have hammered revenue for mineral sands miner Iluka (ILU), as Chairman Pizzey announced his resignation.

First half profit for the company plunged 87 per cent compared with the previous period to $34.3 million as revenue dipped 42% to $381 million.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles