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Iluka Advances Rare Earths Refinery Amid 32% Profit Decline in 2024
7:33am on Wednesday 19th of February, 2025 AEDT
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Mining
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Iluka Advances Rare Earths Refinery Amid 32% Profit Decline in 2024
7:33am on Wednesday 19th of February, 2025 AEDT
Key Points
2024 net profit after tax down 32% to $231 million
Mineral sands revenue declined 8.9% to $1.13 billion
Eneabba rare earths refinery funding expanded to $1.65 billion via Australian Government non-recourse loan
Balranald mine construction on track for H2 2025 commissioning
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