CAPITAL MARKETS

US review creates Iluka impairment

ILUKA Resources has decided against extending its US operations past 2015 — a decision which will lead to a non-cash impairment of $A86 million after tax for the current year.

Jack McGinn
US review creates Iluka impairment

The impairment comes on the back of the decision to maximise cashflow from Brink and Concord, Iluka's Virginian chloride ilmenite and zircon mines, which is expected to lead to the completion of Iluka's...

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