About Iluka Resources

Iluka Resources Limited engages in the exploration, project development, mining, processing, and marketing of mineral sands. The company has mineral sands mining, concentrating and processing operations in Australia and Sierra Leone. Its products are used in a range of applications from consumer, industrial and manufacturing applications. In December 2016, the company completed the acquisition of Sierra Rutile Limited (SRL). SRL is a large, long life rutile mining and processing operation with material expansion options based in Sierra Leone. With the acquisition of SRL, the company conducted mining and processing operations in the United States of America. Strategy The key elements of the company’s strategy is to flex operations in line with market demand; continue market development through the cycle; preserve/advance mineral sands growth opportunities; maintain credit metrics that are broadly consistent with an investment grade credit profile, whilst balancing the impact of commodity pricing and investment factors through the cycle; continue to evaluate/pursue corporate growth opportunities; and act counter-cyclically where appropriate. History The company was founded in 1954. It was formerly known as Westralian Sands Limited and changed its name to Iluka Resources Limited in 1999.