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Strong pricing sees Iluka cutting debt

STRONG free cashflow and a strengthening Australian dollar has seen mineral sands heavyweight Iluka Resources cut net debt by over A$300 million to $183 million over the past 12 months.

Michael Quinn
Strong pricing sees Iluka cutting debt

The strong free cashflow was underpinned by both price rises and production volume increases. The weighted average zircon standard and premium price received of US$1128 per tonne in the fourth quarter,...

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