Iluka axes 200 amid belt-tightening

ILUKA Resources is cutting production, expenditure and about 200 jobs after posting a 33% year-on-year drop in profit during 2012.

Iluka axes 200 amid belt-tightening Iluka axes 200 amid belt-tightening Iluka axes 200 amid belt-tightening Iluka axes 200 amid belt-tightening Iluka axes 200 amid belt-tightening

The mineral sands producer recorded $A363.2 million in profits for the year and adjusted earnings of $748.8M, down 23.5% on the previous year.

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