Iluka demerger to create mini-me iron ore magnates

AVERAGE Joe shareholders in Iluka get to vote soon on whether they want to become mini-me Hancocks, Perrons, Wrights and Bennetts through the mineral sands producer’s demerger of its Mining Area C (MAC) iron ore royalty with BHP in the Pilbara, writes Barry FitzGerald.

Iluka demerger to create mini-me iron ore magnates Iluka demerger to create mini-me iron ore magnates Iluka demerger to create mini-me iron ore magnates Iluka demerger to create mini-me iron ore magnates Iluka demerger to create mini-me iron ore magnates

BHP's Mining Area C

The mini-me opportunity is via a one-for-one issue of shares in Deterra, the newly created royalty company that will start out life with the MAC royalty as very much its flagship, subject to an Iluka