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Mineral sands miner says lucrative BHP iron ore royalty spin-off a ‘liberation’ – NEWS.com.au
Mineral sands miner says lucrative BHP iron ore royalty spin-off a ‘liberation’
Mineral sands miner Iluka Resources has revealed details of its BHP iron ore mine royalty spin-off plan, saying it will liberate two fundamentally distinct businesses.The company seeks to demerge its lucrative interest in Mining Area C in Western Australia’s Pilbara region into a separately listed entity named Deterra Royalties.
Iluka’s involvement in the tenements dates back to 1966 when its subsidiary then known as Consolidated Gold Fields Australia was part of a joint venture at Mount Goldsw…
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