Iluka is preparing to put a proposal to shareholders regarding a demerger of its royalty business from its mineral sands business via an in-specie distribution.

The proposed demerger will establish an Australian royalty company listed on the ASX (temporarily referred to as RoyaltyCo), with its cornerstone asset being the royalty over the BHP-operated Mining Area C iron ore operation (MAC Royalty).

A demerger resolution will be put to shareholders at an Extraordinary General Meeting to be held later in 2020.

RoyaltyCo's Chair elect is Jenny Seabrook. RoyaltyCo's CEO elect is Julian Andrews.

Links to demerger related announcements and presentations can be found below.

extraMile by Integranet