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Iluka Resources Announces Zircon Reference Price Increase

12 Sep 2017  |  08:29:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Iluka Zircon Reference Price Increase

Iluka Resources advised that it has announced an increase in its Zircon Reference Price of US$130 to US$1,230/t effective from 1 October 2017 for a six-month period through to 31 March 2018. This increase in pricing reflects a continuation of its approach to balancing the needs of its customers and downstream industries for pricing which enables sustainable operations with the requirement to generate satisfactory returns for shareholders. While in the ordinary course its pricing commentary is restricted to its quarterly production reports and the half and full year financial statements, given the quantum of the price increase the Company considers it appropriate to inform the market of this increase.

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