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Iluka's lucrative MAC royalty rate reduced

ILUKA Resources and BHP Billiton have agreed to lower the rate payable to the former under the Mining Area C royalty agreement, which covers parts of BHP’s Pilbara operations

Jack McGinn
Iluka's lucrative MAC royalty rate reduced

Under the modification the rate payable to Iluka on iron ore produced from certain BHP tenements in the Pilbara will decrease from 1.25% to 1.232%, with the amendment to be backdated to July 1, 2014. ...

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