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BRIEF-Iluka Resources says Capital expenditure for the year expected to be over 35 per cent lower

Published 16/12/2015, 02:59 pm
© Reuters.  BRIEF-Iluka Resources says Capital expenditure for the year expected to be over 35 per cent lower
ILU
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Dec 16 (Reuters) - Iluka Resources Ltd ILU.AX :

* "$25 million non-cash pre-tax charge to the profit and loss will be recorded

in the 2015 full year accounts"

* "Market conditions for Iluka's mineral sands products remain subdued overall"

* "Capital expenditure for the year is expected to be over 35 per cent lower at

approximately $75 million"

* Says iluka's aggregate 2015 z/r/sr sales are now expected to be approximately

645 thousand tonnes

* 2015 rutile and synthetic rutile sales are expected to be approximately 315

thousand tonnes combined

* Total cash costs of production are expected to be approximately $30 million

lower than guidance

* Source text for Eikon ID:nASX9xDxgs

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