US charge against Iluka

SHARES in mineral sands heavyweight Iluka Resources fell back by as much as 4% this morning as investors digested news it plans to turn its back on its loss-making Florida and Georgia operations in a move that will cost the company $US60 million this financial year.

US charge against Iluka US charge against Iluka US charge against Iluka US charge against Iluka US charge against Iluka

The company advised the US operations were expected to make an EBIT loss of about $A25 million in the 2005 financial year and an EBIT loss of about $US11 million during the stage closure of the

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