CAPITAL MARKETS

Iluka paints strong quarter

MINERAL sands player Iluka Resources has enjoyed a strong start to the new year, thanks to strong market conditions in both its key zircon and high-grade titanium dioxide markets, with both revenue and production rising.

 Sierra Rutile

Sierra Rutile

A lot of the income, A$264 million, was directed to debt repayment, with net debt knocked down substantially from $183 million at December 31 to $108 million at March 31.   Iluka said markets for its...

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