Iluka revises rutile guidance further downward after Sierra Leone strike
Published: Thursday, 20 December 2018
A one-week strike at Iluka’s operations in Sierra Leone caused the miner to lower its rutile production guidance for the second time this year.
The maximum rutile production from Iluka's Sierra Leone
subsidiary, Sierra Rutile, will be in the range of
125,000-130,000 tonnes this year, the company said. But this
assumed a quick ramp-up of activities as well as improved
operational performance in the fourth quarter.
The operation previously had a guidance of 135,000 tonnes of
rutile for 2018, depending on when the strike issue was
The current guidance of 125,000-130,000 tonnes of rutile is
a significant reduction from the 160,000 tonnes forecast at the
beginning of the year. In July, Iluka had downgraded its
full-year production guidance figure for Sierra Rutile by
15,000 tonnes to 145,000 tonnes due to operational performance
The latest news comes at a time when rutile prices are rising
because of tight supply and strong demand.
Iluka Resources announced the "unlawful strike action" at
Sierra Rutile on October 23.