Sydney, Feb 1, 2006 AEST (ABN Newswire) - Iluka Resources Limited (ASX: ILU) advises that the media release issued today by Downer EDI Limited ("Clarification of Statements by Iluka Resources Limited Re: Contract Dispute Concerning Douglas Mineral Sands Project") does not represent a clarification of Iluka's position.
Specifically, the Downer EDI media release contains several significant factual inaccuracies along with legal errors and omissions. These matters have been addressed today in a detailed and factual response to Downer EDI.
Iluka remains very confident of its contractual position and believes the contract resolution procedures will endorse the rejection of claims as stated in Iluka's release of 30 January 2006.
Iluka has considered it necessary to make this statement to ensure the market is accurately informed of Iluka's position on this matter.
About Iluka Resources Limited
Iluka Resources Limited (ASX:ILU) is a major international mineral sands resource company. It is involved in the exploration, project development, operations and marketing of mineral sands products. The major part of Iluka's production base is in Australia, with mining and processing operations in ?Sierra Leone. The corporate office is located in Perth, Western Australia. Iluka has regional and marketing offices, as well as warehouse distribution points in a range of locations.
![abnnewswire.com]()
Related Companies
Social Media
Share this Article
