Iluka Resources reports 15-fold profit increase for 2011

By John Ollett
Published: Thursday, 23 February 2012

As increased mineral prices help drive higher profits at Exxaro

Iluka 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...

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