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BARRY FITZGERALD
Iluka's new world without a big MAC
MINERAL sands producer Iluka enters a new world in the December half with the expected demerger of its lucrative revenue-based royalty on BHP's expanding iron ore production from Mining Area C in the Pilbara.
BHP's South Flank project is advancing
Iluka without full access to MAC's reliable contribution - it will be keeping 15%, with the rest distributed to shareholders in a new company on a one-for-one basis - becomes fully exposed to the vagaries...
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