Trade Iluka Resources
Iluka Resources is a resources company based in Australia, specializing in mineral sand sand exploration, project development, operations and marketing. Iluka is the world's largest producer of zircon and titanium derived from rutile dioxide and synthetic rutile. Iloka mines heavy mineral sandands and separates the concentration in its individual mineral components Rutile, ilmenite, and zircon. Some of the ilmenite is then processed in synthetic rutile. Iluka has operations in the Australian states of Western Australia (Eukla and Perth Basins), South Australia (Jasinth Ambrosea mine), Victoria and New South Wales (Murray Basin), United States (Virginia) and Sierra Leone. Iluka Resources was founded in July 1998 in a merger between Westralian Sands and the titanium metal business of RGC (Renison Goldfields Unified). Westralian Sands was founded in 1954 but began operations in 1959 when it began mining and processing the Yoganup deposit near Capel in Western Australia. by 1999, the company (now Iluka Resources) sold or closed many parts of its business including Westlime Ltd., Cuba Tin, RGC Thalanga Copper, RGC South Operation Kapil h Wales.In The company signed a multi-million dollar deal with freight operator Zorro to transport the containerized mineral sand from Portland in south-west Victoria to Melbourne, with Iluka saying rail transport was cheaper than the road. David Robb was appointed Managing Director and CEO of Iluka Resources Limited on October 18, 2006. The company's profits were $61.7 million in 2008, nearly three times the amount expected, as a result of higher zircon prices and a depreciation of the Australian dollar. In March 2009, Iluka announced that it would offer to close one of the Rotel synthetic kilns in the Narngulu operations, and that 23 jobs would be lost. The move was in response to declining demand as a result of the global economic crisis. As a result of demand from China, net profit for the year 2011 was 15 times more than the 2010 result. The report also states that the government's commitment to the "right to development" is not only a matter of national security, but also a matter of great interest to the people of The O'Shea. The company's profits were driven by higher production with 158,000 tons of mineral sand. On 18 December 2013, Greg Martin was appointed President of Iluka Resources. Greg Martin has over 30 years of experience in the energy, utilities and infrastructure sectors, having spent 25 years with AGL Energy, including five years as CEO and Managing Director. Iluka has established an initial interest of 18.3 per cent in the British technology company, Metally, which seeks to market the technology to convert minerals into powder, including titanium powder. Iluka increased its interest to nearly 28 per cent in 2016 with additional investments. Iluka also began working in 2014 with Vale S.A. regarding the possible marketing of a large titanium ore body, with rare ground elements, in Minas The government's support for the government's work in the country is a very Iluka conducts international exploration, including selected opportunities for non-metallic sand, mainly on its Australian homes. Full-year profit for 2015 was $53.5 million, up from a loss of $62.5 million in the previous corresponding period. Sales of mineral sands increased by 1.9% to $950.8 million from $932.8 million a year earlier.