Iluka and International Finance Corporation (IFC) Partnership
lluka and IFC entered into a strategic partnership in relation to Iluka’s Sierra Rutile operation in 2019, which included IFC acquiring a partial stake in Sierra Rutile. IFC – part of the World Bank Group – is the largest global development institution focused exclusively on the private sector in developing countries. In addition to IFC’s investment in Sierra Rutile, the partnership includes a multi-year, jointly funded community development programme to support communities in the area Sierra Rutile operates. IFC will also develop complementary activities at the sector level to support development of responsible mining in Sierra Leone. The partnership has the shared objective of extending the life of Sierra Rutile’s operations significantly, bringing economic benefits to the region and Sierra Leone more broadly.
United Nations Sustainable Development Goals
The United Nations Sustainable Development Goals define a set of universal targets to address global sustainability challenges. The 17 goals were adopted by United Nations Member States in 2015.
The goals span across economic development, social inclusion and environmental conservation, and their success is dependent on collaboration between governments, business and communities.
Through our initiatives and activities Iluka contributes to the advancement of the United Nations Sustainable Development Goals.