Iluka yesterday released the demerger booklet ahead of a shareholder vote on October 16.
If approved, Iluka shareholders will receive one Deterra share for every share held.
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Iluka Resources spin-off Deterra Royalties plans to use its highly cash generative royalty over BHP’s Mining Area C iron ore mine as a platform for growth.
Iluka yesterday released the demerger booklet ahead of a shareholder vote on October 16.
If approved, Iluka shareholders will receive one Deterra share for every share held.
Australia's first stock-exchange listed royalty company could be a few months away