June 22 (Reuters) - Iluka Resources Ltd (ILU)
- Asx alert-Australian operations update-ilu.ax
- Restart of Jacinth-Ambrosia
- Approximately 40 employees and 60 contractors will be recruited to support restart
- Restart costs are expected to be about $7 million and will be expensed in 2017.
- "In addition, J-A cash production costs are expected to be about $6 million in 2017"
- Redundancy and restructure costs of $14 million also anticipated
- Mining and concentrating activities will recommence at J-A (eucla basin, south australia) in December 2017
- Carrying value of balranald project is expected to be $45 million at half year, with expected spend of $3 million in second half of 2017
- "An impairment charge of approximately $150 million before tax will be recorded in half year accounts"
News: ILU Iluka Resources says mining will restart at Jacinth-Ambrosia in Dec 2017
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