Business
Rich BHP iron ore royalties just the start for Iluka spin-off – The Australian Financial Review
Deterra Royalties, set to become the next big iron ore money spinner, will pay out 100 per cent of profits in dividends.
Production from BHP’s Mining Area C (MAC), which includes the now 76 per cent complete South Flank, was set to more than double to 139 million tonnes a year by 2023, Deterra said in an investor presentation on Thursday.
Iluka analysis from last year shows that if BHP achieves its production targets for South Flank royalty earnings could climb to $239 million a year by 2023, based on a $US95 a tonne iron ore price and the Australian dollar being worth US70¢, or $139 million a year at a $US55 a t…
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