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BARRY FITZGERALD

BHP to serve Iluka a big MAC

THE market has been hanging out for Iluka’s new boss Tom O’Leary to answer a A$500 million-plus value question: Will Iluka’s lucrative Mining Area C (MAC) royalty be applied to BHP’s proposed Southern Flank iron ore development in the Pilbara? <b>By Barry FitzGerald</b>

Barry Fitzgerald
BHP to serve Iluka a big MAC

At stake is the suggested $500 million-plus value addition that would come Iluka’s way should the eventual development of Southern Flank, as a replacement iron ore source for BHP’s Yandi, be captured by...

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