Tag: mineral sands wa

All images: Iluka Resources  BY: JESSICA CUMMINS It’s been a year of delivery for Iluka Resources, with completion of its $275 million Cataby mineral sands project edging closer, and expansion plans moving forward across its Jacinth-Ambrosia and Sierra Leonean operations. PERTH based major mineral sands company Iluka Resources has its hands full with construction works in the final stages at Cataby, and development works progressing on four expansion projects. The miner finished the first half of the calendar year in a strong position, with net profit after tax of $126 million; underlying group EBITDA up 80 per cent to $279 million compared to the first half of 2017; strong free cash flow of $226 million; and a 21 per cent…

All images: Image Resources. BY REUBEN ADAMS THE mineral sands market continues to tighten in 2018 with prices increasing as a result – particularly in zircon. It’s in this positive pricing environment that Image Resources is fast-tracking development of its high-grade, zircon-rich flagship Boonanarring mineral sands project, 80km north of Perth, WA. Boonanarring is considered one of the highest-grade mineral sands projects in Australia – and about 70 per cent of revenue will come from zircon. The low capital cost, short lead time to production and strong forecast cash flow, coupled with multiple growth options positions Image as an exciting new player in the mineral sands space. Reuben Adams spoke with Image managing director Patrick Mutz. Q. A recent article…