Original article by Brad Thompson
The Australian Financial Review – Page: 28 : 17-Aug-18

Iluka Resources has posted a 2018 interim net profit of $126m and EBITDA of $279m. The mineral sands producer has advised that the cost of expanding its rutile assets in Sierra Leone could be 40-60 per cent higher than forecast, with the Sembehun deposit accounting for the bulk of the expected cost overrun. Operating costs at the Sierra Rutile assets are also forecast to exceed previous guidance. Iluka also receives royalty payments from BHP Billiton’s Mining Area C iron ore operations.

CORPORATES
ILUKA RESOURCES LIMITED – ASX ILU, SIERRA RUTILE LIMITED, BHP BILLITON LIMITED – ASX BHP