Iluka revenue drops despite higher prices

2020-02-07

Feb. 7, 2020 - Iluka Resources said production and sales revenue of zircon and rutile declined in 2019, but prices rose. The company said full-year zircon, rutile and synthetic rutile revenue was $1.126bn, down 4 per cent on the prior year. But it said rutile prices rose 20 per cent and zircon prices rose 10 per cent year-on-year.

KEY FEATURES - 2019

Full year zircon, rutile and synthetic rutile (Z/R/SR) production of 702 thousand tonnes, down 4% on 2018 (2018: 732 thousand tonnes).

Full year 2019 zircon production of 322 thousand tonnes (2018: 349 thousand tonnes) with Iluka adjusting production settings in response to market dynamics.

2019 Z/R/SR sales of 681 thousand tonnes (2018: 827 thousand tonnes).

Full year zircon sales of 274 thousand tonnes was in line with guidance.