Iluka to demerge BHP iron ore royalty

ILUKA Resources has pulled the trigger on a demerger of its lucrative Mining Area C royalty.

Iluka to demerge BHP iron ore royalty Iluka to demerge BHP iron ore royalty Iluka to demerge BHP iron ore royalty Iluka to demerge BHP iron ore royalty Iluka to demerge BHP iron ore royalty

Iluka managing director Tom O'Leary

The royalty over BHP's MAC iron ore operation in the Pilbara has delivered A$881 million of EBITDA to Iluka since first production in 2003, including $85 million in 2019.