Posted in | News | Titanium | Mineral Sands | Zircon

Iluka Resources Sees Growth in Q2

Iluka Resources (ASX:ILU) has seen a 53 % growth in revenues in the second quarter of 2010. The sales revenues before hedging have reached $229 million.

A year ago sales revenue were at $124 million. This boost for the Perth based company is seen to be linked to the recovering demand for mineral sands.

Iluka's core business is the production and processing of mineral sands (producing ilmenite, rutile, synthetic rutile and leucoxene) and zircon with its business based in Australia and the United States. The production at its Jacinth-Ambrosia and Murray Basin projects in South Australia and Victoria have been pushed up to full capacity.

Demand had dropped due to the global financial crisis but has subsequently rebounded with improvements in the world's economies. Production of zircons has shot up 55 % to 104,700 metric tons. The company has also raised prices of zircon mainly used in ceramics.

Iluka is the largest producer of zircon in the world, with an approximate market share of one third and is the second largest producer of titanium dioxide minerals.

Shares closed today at $5.41 up 1.12% for the day after a low of $5:23 on Monday morning market open.

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.


Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Iluka Resources Limited. (2019, March 19). Iluka Resources Sees Growth in Q2. AZoMining. Retrieved on May 18, 2024 from

  • MLA

    Iluka Resources Limited. "Iluka Resources Sees Growth in Q2". AZoMining. 18 May 2024. <>.

  • Chicago

    Iluka Resources Limited. "Iluka Resources Sees Growth in Q2". AZoMining. (accessed May 18, 2024).

  • Harvard

    Iluka Resources Limited. 2019. Iluka Resources Sees Growth in Q2. AZoMining, viewed 18 May 2024,

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.