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.
Iluka Resources Limited
Yesterday the Australian stocks closed lower on all sectors. The benchmark S&P/ASX200 lost 51.1 points, or 1.48 per cent, at 3,413.2, while the broader All Ordinaries dropped 45.3 points, or 1.33 per cent, to 3,366.9. The local market has fell 4.1% so far this week, and the shares may see a further drop after base metal and oil prices lower.
Yesterday the Australian stock market slumped more than 3% with the negative lead from UK. The benchmark S&P/ASX200 index ended 112.7 points, or 3.1%, lower at 3,476.6, the lowest level in two months, while the broader All Ordinaries lost 106 points, or 3%, to 3,425.
Image Resource NL (ASX:IMA)(PINK:IMREF) is pleased to announce a new joint venture on a 107sq km tenement (E70/2742) with unlisted Derby Mines Pty Ltd, increasing its tenement holdings in the North Perth Basin to approximately 2,330sq km.
Yesterday Australian market closed lowered as banks stocks plunged after Westpac(ASX:WBC) announced its A$2.5 billion capital raising. The benchmark S&P/ASX200 index had lost 27.3 points or 0.75 per cent to 3604.3, while the broader All Ordinaries was down 20.1 points or 0.57 per cent at 3533.7. Analysts expect more companies such as Commonwealth Bank(ASX:CBA) may also have to raise capital.
Overnight the Wall St took a dive on grim economic news pointing to weaker growth and profits in the year ahead, with Dow Jones Industrial Average fell 7.87% for its biggest percentage loss since October of 1987. The US Federal Reserve's snapshot of business conditions said economic activity was weaker across all 12 districts in September and consumer spending fell in most regions.
Today is going to be another tough day after Wall Street stocks tumbling in late trade overnight as investors worry governments around the world will fail to avert a global recession.
An important milestone for the potential development of Tripitaka has been achieved in recent drilling with the successful location of a likely underground water supply within an acceptable distance of the zircon resource.
Iluka Resources Limited (ASX: ILU) - 2007 Half Year Results - Mr David Robb, MD; Iluka Resources Limited (ASX: ILU) present the following audio webcast regarding "2007 Half Year Results". You may also download this audio webcast to your computer or portable audio player.
Exploration companies behind the highly prospective Tripitaka mineral sands discovery in South Australia expect to have the first formal resource estimate for the deposit as early as September this year.
Iluka Resources Limited (ASX: ILU) advises that following the completion of commissioning trials, Iluka has taken over the operation of the mining unit plant (MUP) and the wet concentrator plant (WCP) at its Douglas mineral sands operations in the Murray Basin, Victoria.