Mineral sands producer Iluka Resources is likely to face lower sales of synthetic rutile in 2020, after disclosing that two customers had failed to take up their agreed volumes.
There are five major commodities mined in WA that have substantial downstream processing. Credit for most of the value adding can be attributed to investment decisions taken decades ago, as Mark Beyer reports.
An array of companies, from blue chip miners to SMEs, is pursuing downstream processing of WA's battery minerals, despite the sharp downturn in the lithium market.
The COVID-19 pandemic is forcing investors who have shunned Western Australian mining companies for decades (because they prefer buying shares in banks) to smarten their game or risk being left holding yield-free assets as bank dividends dry up.
Mineral sands company Iluka Resources has withdrawn its full year earnings guidance, citing market uncertainty as a result of COVID-19, but says it will proceed with its proposed iron ore royalty demerger.
Mineral sands company Iluka Resources is planning to demerge its BHP iron ore royalty business into a new ASX-listed entity, while at the same time announcing its 2019 full-year results.
Mineral sands explorer Iluka Resources says its full-year 2019 financial results will be hurt by a one-time $US290 million ($A421 million) charge against its Sierra Rutile operations in Africa.
Our daily board moves wrap includes Grant Anderson, Andrew Bloore, Nicholas Earner, Benjamin Jarvis, Sam Jarvis, Lynne Saint, Mark Ashley, Charles Thomas, Peter Newton, Simon Heggen, Brett Lambert, Patrick O'Connor, Anthony Polglase, David Buckingham, and John Mair.
Fortescue Metals Group, South32, Iluka Resources, Western Power and Synergy are among a group of 10 resources and energy companies collaborating to develop a toolkit to pre-screen for modern slavery risks within their supply chains.
The final months of 2018 hit investors in Western Australian stocks hard, with the Business News index of 30 local ASX-listed companies falling 13.3 per cent.
WestStar Industrial subsidiary Simpec has won a $1.7 million contract at Iluka Resources' Cataby mineral sands project, located approximately 150 kilometres north of Perth.
West Perth-based Grounded Construction Group is nearing completion of a $15 million project to install two mining villages for Iluka Resources' Cataby mineral sands project north of Perth.
Nickel-focused Western Areas has signed a farm-in deal with Iluka Resources for a series of tenements in South Australia worth up to $5.8 million over the next seven years.
Bentley-based communications company Swift Networks Group has announced a number of new contracts, including infrastructure works at Iluka Resources' Cataby project and a 12-month extension at AngloGold Ashanti's Tropicana facility in Kalgoorlie.
Mining services contractor Ausdrill has continued its board renewal, including the appointment of its first female director, just weeks after company founder Ron Sayers retired.
Mineral sands miner Iluka has lifted full-year revenue almost 40 per cent due to surging sales and higher prices for its products, but impairments have weighed on the bottom line.
Iluka Resources has approved its $275 million Cataby mineral sands project, which is set to provide 250 construction jobs, after securing offtake agreements for 85 per cent of production from the deposit.
Fortescue Metals Group, Iluka Resources and Rio Tinto are among the five overall category winners in the 2017 state government's Awards for Excellence.
Iluka Resources has widened its first-half loss to $81.5 million, from a $20.9 million loss in the prior corresponding period, dragged down by a $165 million hit in impairment and redundancy costs.
SPECIAL REPORT: Backdoor-listed technology businesses and mining hopefuls have joined the state's top performers in financial year 2016 in Business News's annual analysis of total shareholder returns.
Mineral sands miner Iluka Resources says shipping of heavy mineral concentrate from South Australia's Port of Thevenard has been suspended following safety concerns over the jetty structure.
Perth-based Iluka Resources plans to put its Hamilton mineral separation plant in Victoria on care-and-maintenance status, resulting in a $150 million pre-tax impairment charge in its half-year accounts.
Women account for just 8.7 per cent of board positions at the top 100 Western Australian companies listed on the ASX, a report by the Committee for Perth has found.
Mineral sands miner Iluka Resources has slid to a full-year loss of $224 million on the back of hefty write-downs related to a restructuring of the company's business amid the downturn.
Iluka Resources boss Tom O'Leary says the company will swing the axe on 90 jobs after revealing a $201 million impairment and flagging a net loss of up to $230 million for 2016.
