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Iluka's royalty spin-off could become a mining star

First steps in the creation of a new mining star have been taken with a plan to split Iluka Resources, but whether it happens will have as much to do with tax as the desire of investors to get access to a company owning the perfect asset for troubled times – cash.

Iluka's royalty spin-off could become a mining star Iluka's royalty spin-off could become a mining star Iluka's royalty spin-off could become a mining star Iluka's royalty spin-off could become a mining star Iluka's royalty spin-off could become a mining star

Part of the mix: Iluka Resources sources income from its mineral sands mines, including in Western Australia (above), and a lucrative iron ore royalty stream

If Iluka, best-known as a titanium minerals and zircon producer does spin-off an iron ore royalty which covers a large part of BHP's operations, Australia could have its first stock-exchange-listed