Iluka shares nosedive on $565m Cataby suspension blow

Iluka shares nosedive on $565m Cataby suspension blow

A slump in the price of mineral sands that has already forced Iluka Resources to suspend mining operations at Cataby will add to a forecast $565 million charge against the company’s books.

Iluka braces for $565m hit on mineral sands division

Iluka Resources is preparing to record $565 million worth of charges against its mineral sands division after suspending its Cataby mine, sending its shares sliding.

What Happened to Iluka Resources (ASX:ILU) After Shares Dropped 15%

Iluka Hit by the Worst Mix Higher Capex, Lower Prices, Rising Debt Iluka Resources (ASX:ILU) saw a sharp sell off of around 15%, which is a meaningful move for a business with a market capitalisation of roughly A$2.78 billion. The reaction suggests investors were uneasy about the near term earnings setup and the balance sheet…

Iluka Resources Flags $565 Million in Charges

Iluka Resources has announced that it will recognise approximately $565 million in exceptional items, pre-tax, in its financial results for the year ending December 31, 2025. These charges include a non-cash impairment of around $350 million, pre-tax, within its mineral sands business and a net realisable value adjustment to inventory of about $215 million, pre-tax. Iluka Resources is an Australian-based resources company, specialising in minera…