middle.news
Iluka Flags $565M Hit as Cataby Mine Suspension Deepens Mineral Sands Woes
7:42am on Thursday 29th of January, 2026 AEDT
•
Mining
Read Story
Iluka Flags $565M Hit as Cataby Mine Suspension Deepens Mineral Sands Woes
7:42am on Thursday 29th of January, 2026 AEDT
Key Points
Approximately $350 million impairment on Mineral Sands assets
Cataby mine and synthetic rutile kiln operations suspended since December 2025
35% reduction in Cataby Ore Reserve, shortening mine life to four years
Inventory value written down by around $215 million due to lower net realisable values
Read Story
middle.
Tap to Read
Tap the card to read the full analysis
about
ILUKA RESOURCES (ASX:ILU)
OPEN ARTICLE