Iluka revenues rise 26% on currency shifts and resumption of synthetic rutile production

By James Sean Dickson
Published: Thursday, 15 October 2015

Weak downstream demand for Iluka’s mineral sands products has been offset by higher volumes, particularly of synthetic rutile, resulting in an increase in the company’s revenues for Q3.

Australia-based mineral sands miner Iluka Resources Ltd recorded revenues of Australian dollar (A$) 168.9m ($122.4m*) for Q3 2015, a 26% year-on-year (y-o-y) increase from the same period in 2014, when revenues totalled $134.4m.

Iluka said that the increase in revenues, which, for the year to date, are 16%...

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