Overview
Iluka Resources Limited (ASX code: ILU) is an Australia listed ASX 100 company. Iluka has 418.7 million shares on issue. The company is involved in the exploration, project development, operation and marketing of mineral sands products.
The company’s objective is to create and deliver value for its shareholders.
Iluka is the world’s largest producer of zircon, with a market share of approximately one third. It is the second largest producer of titanium dioxide minerals, and within this sector the largest global producer of the higher value titanium dioxide products of rutile and synthetic rutile (upgraded ilmenite).
Iluka’s operations are based in Australia, with mining and processing operations in Victoria; mining operations in South Australia, as well as processing and ilmenite upgrading operations in Western Australia. The company also has mining and processing operations in Virginia, in the United States. The company has a major exploration tenement holding in South Australia, Victoria and New South Wales. Iluka maintains a global prospectivity model for potential areas of mineral sands exploration.
Iluka also owns a “life of mine” royalty over sales revenue from iron ore produced from specific tenements within BHP Billiton's Mining Area C (MAC) province in the north west of Western Australia.
The main mineral sands products of rutile, synthetic rutile, ilmenite and zircon have a wide range of consumer, lifestyle and industrial applications: pigment production used in paints, plastics, papers, titanium metal production, welding electrodes, floor and wall tiles, sanitary ware, zirconium based chemicals and zirconia metal applications.
The company employs approximately 900 people across its operations. The corporate office is located in Perth, Western Australia.
Iluka is committed to operating in a sustainable and environmentally responsible manner. The company targets high levels of performance and seeks to pursue “best practice” in the areas of environment, health and safety management, in keeping with its values of Commitment, Integrity and Responsibility.
Over recent years, the company has transformed its asset base from its historical reliance on its Western Australian mining operations to new, high quality, longer life operations in the Murray Basin (Victoria and New South Wales) and Eucla Basin (South Australia
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