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Iluka Advances Rare Earths Refinery Amid 32% Profit Decline in 2024

6:51am on Monday 2nd of June, 2025 AEST Mining
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Iluka Advances Rare Earths Refinery Amid 32% Profit Decline in 2024

6:51am on Monday 2nd of June, 2025 AEST
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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