CAPITAL MARKETS

Iluka profit plunges

ILUKA’S bottom line has taken another hit, with the mineral sands miner forecasting an $A18 million profit for 2013, down from $363 million in 2012.

Andrew Duffy
Iluka profit plunges

The downgrade comes on the back of falling commodity prices and new equipment write-downs and rehabilitation costs. The company said it would write down the value of idle equipment in Western Australia...

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