ILUKA: 18% Drop in Sales Volume Offsets 17% Rise in Average Unit Value of Sales

摘要

Earnings (EBITDA) on mineral sands operations amounted to $Aus 530.9 million on sales revenues of $Aus 1.19 billion in 2019. That compares against $Aus 544.5 million on $Aus 1.24 billion in 2018. In addition, Iluka's earnings benefitted from an increase in royalty payments stemming from its ownership of mining lease ML-281 in Mining Area C of the massive iron ore mining operation in the Pilbara region of Western Australia. The operation is run by BHP on behalf of a consortium in which BHP is a major shareholder. Reflecting strong iron ore prices, 7% higher sales volume and a stronger $US exchange rate, Iluka's earnings from Mining Area C royalties increased from $Aus 55.6 million in 2018 to $Aus85.1 million in 2019.