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Iluka demerger set to create mini-me iron ore magnates

Average Joe shareholders in Iluka get to vote soon on whether they want to become mini-me Hancocks, Perrons, Wrights and Bennetts through the mineral sands producer’s demerger of its Mining Area C (MAC) iron ore royalty with BHP in the Pilbara.

Iluka demerger set to create mini-me iron ore magnates Iluka demerger set to create mini-me iron ore magnates Iluka demerger set to create mini-me iron ore magnates Iluka demerger set to create mini-me iron ore magnates Iluka demerger set to create mini-me iron ore magnates

BHP's Mining Area C in Western Australia

The mini-me opportunity is via a one-for-one issue of shares in Deterra, the newly created royalty company that will start out life with the MAC royalty as very much its flagship, subject to an Iluka