Iluka Resources Q1 Revenue Declines 13%

Australian Iluka Resources Ltd

reported a 13% drop in its first-quarter revenue. Iluka Resources' mineral sands revenue declined to A$196.3 million, versus A$226.3 million in the year-ago period. Iluka Resources' mineral sands production dropped 13% to 340,600 metric tons, versus 392,800 tons. However, its zircon output declined 18% to 115,700 tons.