ILU iluka resources limited

News: ILU Iluka Resources Sees SRL 2020 Rutile Production OF 170KT

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    Dec 17 (Reuters) - Iluka Resources Ltd (ILU) :

    • SRL FY 2019 RUTILE PRODUCTION EXPECTED TO BE ABOUT 135KT
    • EXPECTS WRITE-DOWN OF SRL'S DEFERRED TAX ASSETS OF ABOUT US$115 MILLION FOR FY19
    • SEES SRL 2020 RUTILE PRODUCTION OF 170KT
    • SEES SRL 2020 TOTAL Z/R PRODUCTION OF 175KT
    • EXPECTS IMPAIRMENT CHARGE OF US$290 MILLION TO CARRYING VALUE OF ASSETS ASSOCIATED WITH SIERRA RUTILE (SRL) OPERATIONS IN FY19 RESULTS
    • CARRYING VALUE OF SRL’S REMAINING NET ASSETS WOULD BE REDUCED TO ABOUT US$50 MILLION.
 
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