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BRIEF-Iluka Resources says HY-end net debt reduced to $305 mln

Published 24/07/2017, 09:36 am
© Reuters.  BRIEF-Iluka Resources says HY-end net debt reduced to $305 mln
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July 24 (Reuters) - Iluka Resources Ltd ILU.AX :

* HY Zircon/Rutile/Synthetic Rutile production volumes were 36 pct (119 thousand tonnes) higher than same period in 2016 at 453,000 tonnes

* Iluka's HY-end net debt reduced to $305 million (31 December 2016: $506 million)

* Total mineral sands production for June quarter 344.3 kt versus 265.3 kt

* Total Zircon and Rutile production for full year is expected to remain in line with 2017 guidance.

* June quarter mineral sands revenue $285.1 million versus $236.4 million

* Re-confirms its production guidance for Sierra Rutile of 150 thousand tonnes of Rutile in 2017.

* Demand outlook for Zircon in 2017 and 2018 is for moderate growth

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