Thursday, November 19, 2009

Iluka Commences Production At New Zircon Project

Iluka Resources' Jacinth-Ambrosia zircon mineral sands mine in South Australia has commenced production ahead of schedule.

Capital expenditure on the project is expected to be less than $390 million, compared with an approved budget of $420 million, Iluka said in a statement.

With last month's completion of the Murray Basin Stage 2 project in Victoria, Iluka said it has now concluded its current major capital expenditure program.

Source: The Australian

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