jacinth-ambrosia project achieves first output

SYDNEY (Dow Jones)--Iluka Resources Ltd. (ILU.AU) said Thursday that its Jacinth-Ambrosia zircon mineral sands mine in South Australia state has commenced production ahead of schedule.

Capital expenditure on the project is expected to be less than A$390 million, compared with an approved budget of A$420 million, Iluka said in a statement.

With last month's completion of the Murray Basin Stage 2 project in Victoria state, Iluka said it has now concluded its current major capital expenditure program.


-By Ross Kelly, Dow Jones Newswires; 61-2-8235-2957; [email protected]