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Iluka to demerge BHP iron ore royalty

ILUKA Resources has pulled the trigger on a demerger of its lucrative Mining Area C royalty.

Kristie Batten
Iluka managing director Tom O'Leary

Iluka managing director Tom O'Leary

The royalty over BHP's MAC iron ore operation in the Pilbara has delivered A$881 million of EBITDA to Iluka since first production in 2003, including $85 million in 2019. Earnings will grow once BHP...

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