AFRICA STORIES

Iluka's Rio reflections

Higher prices and rising rates of production have boosted the financial performance of titanium minerals and zircon specialist Iluka Resources, but just below the surface are signs of a potential bribery scandal similar to that which has snared Rio Tinto.

Sierra Rutile operations in Sierra Leone, acquired by Iluka Resources last year

Sierra Rutile operations in Sierra Leone, acquired by Iluka Resources last year

Both cases involve politicians in West Africa, access to mineral exploration tenements, and the late discovery of events which the companies have self-reported to anti-corruption authorities. Rio Tinto’s...

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