Iluka’s profit soars as prices rise

Mineral sands miner Iluka has reported an 8.8% increase in net profits after tax for the half year ended June, compared with the previous corresponding period, on the back of higher sales prices and increased royalty revenues.

Net profit after tax for the six months to June reached A$137.2-million, up from the A$126.1-million achieved in the first half of 2018.