I don’t know where you get this from. As part of the risk sharing, iluka contributes $1.2b worth of monazite tailing to The RefineryCo to match the government loan.
RefineryCo is wholly owned by ILUKA.
look at the FID on the iluka eneabba page.
News: ILU FOCUS-Mine waste finds new life as source of rare earths, page-25
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