Iluka board approves sale of iron ore royalty business
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