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Iluka moves on royalty demerger

ILUKA Resources is pushing ahead with the demerger of its royalty over BHP's Mining Area C iron ore mine.

Iluka moves on royalty demerger Iluka moves on royalty demerger Iluka moves on royalty demerger Iluka moves on royalty demerger Iluka moves on royalty demerger

Iluka managing director Tom O'Leary

The MAC royalty generated EBITDA of $48 million in the June half, up 16% due to strong iron ore prices.

The new business has been named Deterra Royalties.