ILU iluka resources limited

News: ILU Australia's Iluka Resources to take $290 mln charge in 2019 results

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    Dec 17 (Reuters) - Mineral sands explorer Iluka Resources Ltd (ILU) said on Tuesday its full-year 2019 financial results would be impacted by a one-time charge related to its Sierra Rutile Ltd operations in Africa.

    The company expects an impairment charge of $290 million related to its Sierra Leone-based rutile operation.

    Iluka also said it expects an increase in rehabilitation liability by A$60 million ($41 million).

    ($1 = A$1.4736)

 
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