Iluka expects 2016 loss after impairments, cuts 90 jobs in company review

Mineral sands provider Iluka has warned of a A$220-million to A$230-million loss for the 2016 financial year, following a company-wide review. “Our review has been aimed at generating shareholder value, and with the completion of the Sierra Rutile acquisition, Iluka has added a large, long-life asset with strong growth potential,” said MD Tom O’Leary on Tuesday.