Deterra Royalties

The mining royalties company being spun-out of Iluka Resources plans to cast a wide net for acquisition opportunities beyond its core iron ore asset.

Iluka Resources spin-out Deterra Royalties has completed its first day of trading on the ASX with market capitalisation in excess of $2.4 billion.

Iluka Resources managing director Tom O'Leary says he is excited about the opportunity in the rare earths sector, which will attract greater focus after the recent demerging of Iluka's iron ore royalties.

Several Perth companies executed value-creating mergers and acquisitions last year, none more so than Pilbara Minerals.

BHP has disclosed that its iron ore production costs are set for a big increase next year but will remain just below those of rival Rio Tinto.

Mining royalties paid to all Aboriginal groups in WA are less than half the amount paid to four wealthy families, new research has found.

Business News has significantly overhauled the BN30 index, a proxy for the WA economy, with seven new additions, prompted by the exit of takeover targets MMA Offshore, APM and Decmil.