Iluka Resources total mineral revenue up 49% & sales rise 64% FY17

2017-07-25

Jul. 25, 2017 - Iluka Resources has announced its mineral sands sales revenue rose 48.8 percent for the financial year ending 30 June 2017. Meantime its total mineral sands sales climbed over 64 percent  to 548.9 kilo tonnes for the year ending 30 June 2017.

On another positive front for the Australian-based mineral sands explorer and developer, it reduced its net debt to $305 million, down from $506 million in the December 2016 quarter.

Iluka says it reduced its debt position from its strong free cash flow in the first half of $180 million, coupled with the strengthening Australian dollar against the greenback.