Jan 31 (Reuters) - Iluka Resources Ltd (ILU)
- Decided to make about "90 roles redundant" after sustainable business review to remove cost from business
- "Reviewed likelihood of developing some of iluka's mineral deposits in australia and united states"
- Review "necessitated write-down of some assets, particularly in Murray Basin"
- Review resulted in 27 % reduction to current estimates of ore reserves, from 23.0 million tonnes of heavy mineral as at 31 dec 2015 to 16.7 million tonnes
- 2016 net profit after tax is estimated to be between loss of $220 million to loss of $230 million
News: ILU Iluka Resources says decided to make "90 roles redundant" after review
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