ASX:ILUMetals and Mining
Why Iluka Resources (ASX:ILU) Is Down 18.3% After A$565m Impairment And Mine Suspension - And What's Next
Iluka Resources recently disclosed that it will book about A$565 million in impairment and inventory charges tied to weak mineral sands markets, alongside suspending production at its Cataby mine and synthetic rutile kiln 2 and cutting roles.
At the same time, Iluka is pressing ahead with capital-intensive growth projects such as the Eneabba rare earths refinery and Balranald, supported by a larger WIM100 resource estimate and lower unit cash production costs.
We’ll now examine how the...