ILU iluka resources limited

News: ILU Iluka Resources says HY-end net debt reduced to $305 mln

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    July 24 (Reuters) - Iluka Resources Ltd (ILU) :

    • HY Zircon/Rutile/Synthetic Rutile production volumes were 36 pct (119 thousand tonnes) higher than same period in 2016 at 453,000 tonnes
    • Iluka's HY-end net debt reduced to $305 million (31 December 2016: $506 million)
    • Total mineral sands production for June quarter 344.3 kt versus 265.3 kt
    • Total Zircon and Rutile production for full year is expected to remain in line with 2017 guidance.
    • June quarter mineral sands revenue $285.1 million versus $236.4 million
    • Re-confirms its production guidance for Sierra Rutile of 150 thousand tonnes of Rutile in 2017.
    • Demand outlook for Zircon in 2017 and 2018 is for moderate growth
 
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