Iluka Resources reports 15-fold profit increase for 2011
Published: Thursday, 23 February 2012
As increased mineral prices help drive higher profits at Exxaro
Resources Ltd reported a 15-fold surge in profit in 2011
fuelled by a 75.7% increase in revenue, the Australia-based
mineral sands producer said.
Profits after tax increased to A$542m ($579.6m), up from
A$36m ($38.5m) in 2010, in a year when prices for titanium
dioxide (TiO2) feedstock and zircon...