Feb 20 (Reuters) - Iluka Resources Ltd ILU.AX :
* ILUKA RESOURCES LTD - INTENTION TO DEMERGE ILUKA'S ROYALTY BUSINESS
* ILUKA RESOURCES LTD - PROPOSED DEMERGER WILL ESTABLISH AN ASX LISTED AUSTRALIAN ROYALTY COMPANY
* ILUKA RESOURCES LTD- ILUKA WILL RETAIN A MINORITY SHAREHOLDING INTEREST OF 15 PER CENT IN ROYALTYCO
* ILUKA RESOURCES LTD - AUSTRALIAN ROYALTY CO'S CORNERSTONE ASSET IS ROYALTY OVER BHP-OPERATED MINING AREA C IRON ORE OPERATION
* ILUKA RESOURCES LTD- CEO OF ROYALTYCO WILL BE JULIAN ANDREWS
* ILUKA RESOURCES LTD - CHAIR OF ROYALTYCO WILL BE JENNY SEABROOK
* ILUKA RESOURCES LTD- IF APPROVED, DEMERGER IS EXPECTED TO BE COMPLETED IN 2020
* ILUKA RESOURCES- DEMERGER WILL BE EFFECTED BY DISTRIBUTION OF SHARES IN ROYALTYCO VIA AN IN-SPECIE DIVIDEND AND CAPITAL RETURN BY ILUKA