CAPITAL MARKETS

Iluka debt decimated, dividend declared

WITH product pricing improved, inventories being sold down, and operational performance continuing to pick-up, mineral sands major Iluka Resources has made big inroads into its debt, cutting its net position by more than 56% in the first seven months of 2017.

Michael Quinn
Iluka debt decimated, dividend declared

Net debt that started the year at A$507 million was down to $222 million at the end of last month, reducing gearing to 18%. The reduction came after strong free cashflow in the first half of $180 million...

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