Iluka Resources Starts a Formal Review of Its Two key Businesses

  • Oct 31, 2019 AEDT
  • Team Kalkine

Iluka Resources Limited (ASX: ILU) announces that it has started a formal review of the corporate and capital structure of Iluka’s two principal businesses- mineral sands operations and the Mining Area C royalty on September 2019.

  • ILU decided to take the formal review post a significant increase in the current and future materiality of MAC’s contribution to Iluka’s overall valuation as BHP progresses the development of South Flank;
  • The formal review would consider a range of options and would also include a review of Iluka’s corporate and capital structure, including dividend policies and structural separation of MAC by way of a demerger.

At AEST 01:18 PM, the stock was trading at $9.260 per share, up by 5.108% from its previous close.

 

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