CAPITAL MARKETS

Prices pump Iluka into net cash country

Despite a sometimes challenging 2018, mineral sands miner Iluka Resources is back in black, having shifted into a net cash position after clearing debts of A$183 million thanks to pricing and levels of demand that allowed it to enjoy higher revenues despite major issues in Sierra Leone.

Prices pump Iluka into net cash country

Revenue of $1.24 billion, an increase of 22%, saw underlying earnings jump 66% to $600 million and delivered a net profit after tax of $304 million, and after spending $312 million on the business it returned...

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