Additional risks cast doubt over Sierra Rutile-Iluka merger

By Kasia Patel
Published: Tuesday, 29 November 2016

While the companies received the go-ahead from Germany Antitrust Authorities for the merger last week, Iluka has issued a notice over geotechnical risks at Sierra Rutile's facility, which may threaten the closing of the deal.

Mineral sands producer Sierra Rutile Ltd has received a notice from Iluka Resources Ltd outlining geotechnical risks at two tailings dams forming part of Sierra Rutile’s operations in Sierra Leone, which will prevent Iluka from closing the merger on 29 November as previously expected. According to Iluka’s notice, sent...

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