Iluka board approves sale of iron ore royalty business

By William Clarke
Published: Friday, 11 September 2020

Shareholders in Australian mineral sand miner Iluka will vote on whether to spin-off an iron ore royalty business, to allow the company to focus on core business plans.

Iluka directors have recommended that shareholders vote in favor of a demerger that would create Deterra as a standalone company holding royalties over part of BHP’s massive Pilbara iron ore mine.

This royalty business was likely to show a significant jump...

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