Iluka: A company on the rise
Heavy mineral concentrate stockpiles at Jacinth- Ambrosia. Image: Iluka Resources. BY ELIZABETH FABRI AFTER experiencing significant financial losses during 2016, international minerals sands company Iluka Resources is back on track with the Sierra Rutile acquisition now under its belt, and a handful of advanced production and exploration opportunities in progress to deliver future growth. Iluka Resources is finally making a comeback. At the end of 2016, the company reported an 11.4 per cent decline in revenue brought on by low market conditions from the minerals sands sector, which was partially responsible for a total reported loss of $224.0 million after tax. However, higher commodity prices this year have generated a substantial increase in revenue for the global miner. In the March…