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 called Deterra Royalties, with its cornerstone asset being the royalty over the BHP-operated Mining Area C iron ore operation (MAC Royalty).

Board approval to put the demerger to shareholders in the coming weeks with planned timeline, subject to final Board and other approvals:

  • Demerger booklet provided to shareholders in September 2020
  • Shareholder vote at Extraordinary General Meeting in October 2020

Links to demerger related announcements and presentations can be found at the bottom of the page.

Board and Management
extraMile by Integranet