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Latest Iluka Resources Stock News | OTC:ILKAF | Benzinga

Iluka Resources is a leading global mineral sands miner. It is the largest global producer of zircon, and one of the largest producers of titanium dioxide feedstocks (rutile, synthetic rutile). Low zircon costs are underpinned by the high-grade Jacinth-Ambrosia mine in South Australia but reserve life is less than 10 years. A 20% shareholding in Deterra Royalties brings exposure to the high-quality Mining Area C iron ore royalty. Iluka is constructing its West Balranald rutile and zircon mine while also building a rare-earth refinery at Eneabba, which will be able to process Iluka's existing monazite stockpile as well as feed from third parties and future Iluka projects.

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Iluka Cuts Sales Estimates

ILUKA RESOURCES LTD by Iluka Resources Ltd.

Iluka Resources Ltd

Iluka Resources

Iluka Resources Ltd (OTC: <a class="ticker" href="/stock/ilkaf#OTC">ILKAF</a>) cut its full-year sales forecast. 

Iluka cut its 2012 zircon sales view to 200,000-300,000 metric tons, versus its earlier forecast of 400,000 tons. It also lowered its rutile sales forecast to 140,000-200,000 tons, versus around 225,000 tons.

Iluka also lowered its synthetic rutile view to 170,000-220,000 tons, versus about 310,000 tons. 

Iluka Resources closed at $12.25 on Friday.


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Latest Iluka Resources Stock News | OTC:ILKAF | Benzinga

Monday, July 09, 2012

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