Iluka rehab bill takes its toll

WHILE Iluka managing director Tom O’Leary believes the company’s full year 2016 results are “unsatisfactory” – with an $224 million loss and 11.4% drop in mineral sands revenue to $726.3 million – he admits much of the recorded loss – $182.8 million – was for one-off impairment and rehabilitation provisions.

Iluka rehab bill takes its toll Iluka rehab bill takes its toll Iluka rehab bill takes its toll Iluka rehab bill takes its toll Iluka rehab bill takes its toll

Iluka's Douglas mine in Victoria.

O’Leary said the results reflected the continuation of subdued revenues across the zircon, rutile and synthetic rutile markets, and the company would change its depreciation policy and put a

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