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Iluka continues apace

13th October 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Mineral sands miner Iluka has reported another solid quarter of production for the three months to September, with mineral sands production increasing to 289 100 t, from 265 300 t in the previous quarter.

Zircon production increased slightly from 101 300 t in the June quarter, to 106 300 t in the September quarter, while rutile production decreased from 31 400 t to 29 000 t, and synthetic rutile production increased from 49 800 t to 56 700 t.

Year-to-date heavy mineral concentrate production came to 317 000 t, with 782 000 t of heavy mineral concentrate processed during the September quarter, reflecting the company’s strategy to draw down inventory.

Year-to-date mineral sands sales increased to 451 600 t, generating revenues of A$472.6-million, which compared with the 415 000 t sold in the previous corresponding period and revenues of A$535.6-million.

Iluka said on Thursday that the lower sales revenue reflected lower zircon prices during the year-to-date, as well as a greater proportion of rutile and synthetic rutile in the sales mix.

Mining and concentrating activities at the Jacinth-Ambrosia operations, in South Australia, remained suspended, while the Hamilton and Narngulu operations, in Victoria and Western Australia respectively, continued to operate as planned at about 50% to 60% of capacity.

Iluka is planning to temporarily cease production of at lease one of its mineral separation plants in early November, over the Christmas period.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

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