Iluka Resources

On today's episode of At Close of Business, senior editor Mark Beyer offers highlights from his recent conversation with Rob Cole following his appointment as chair of Iluka Resources.

Critical minerals, downstream processing and government support are the key trends in the state’s mining project pipeline.

A bid by one of Australia’s largest mineral sands producers to revive a mine proposal in the state’s South West will be subject to the highest level of scrutiny by the environmental watchdog.

Tony Grist, Gavin Rezos and Stephen Langsford are prolific dealmakers - they share the lessons they’ve learned over three decades and explain what they look for in new investments.

UPDATED: US engineering giant Fluor has been contracted to deliver a $1.2 billion rare earths refinery in WA while Perth firm Clough has been selected for a big vanadium project.

Iluka Resources has recorded a 185 per cent leap in net profits amid falling global supply options for mineral sands, but says future sales could be bound by production capacity.

Iluka Resources has inked the first offtake deal for its $1.2 billion Eneabba rare earths refinery, in a move which could allow it to up its stake in Northern Minerals to 19.9 per cent.

Arafura Rare Earths says its Nolans project has the capacity to deliver strong financial returns after releasing a study with higher costs but increased revenue.

Perth-based mineral sands miner Iluka Resources has awarded two $14 million contracts to technology and chemistry company SciDev.

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

Iluka Resources has capped off a strong earnings report by approving the development of a mine in NSW and detailed studies on another in Victoria.

ASX-listed goldminer Red 5 has announced chair and director Kevin Dundo will resign after 13 years with the company.

Sierra Rutile could be more than $6 million out of pocket after unsuccessful attempts to appeal a 2021 Sierra Leone High Court decision that found the ASX-lister allegedly damaged logistics equipment.

The pipeline of big resources projects in WA increasingly features complex processing plants, despite a spate of large cost blowouts on projects currently under way.

Iluka Resources boss Tom O’Leary has applauded the federal government’s efforts to foster downstream processing in Australia, saying growth ambitions ‘should not be constrained by geopolitical tensions’.

WA produces a diverse array of minerals, yet one commodity dominates the sector.

Almost 80 per cent of mining executives believe the industry can meet growing demand for clean energy minerals, according to a recent global survey from KPMG.

WA Premier Roger Cook believes the state has only “just scratched the surface” of its renewables potential as he outlines his vision for WA to become a global green energy superpower.

Iluka Resources has commenced a feasibility study into potentially building a metallisation facility at Eneabba to further its downstream processing potential.

Renewable energy company PWR Hybrid has lodged plans to build a $19 million solar facility to potentially power Iluka Resources' Cataby mining operations.

A development body has approved a $19 million solar facility that is expected to power Iluka Resources’ Cataby mining operations for the entire life of the mine.

Renewable energy player PWR Hybrid has finalised a 10-year power supply deal with Iluka Resources to be generated from its recently approved solar farm.

Iluka Resources has revealed a 50 per cent cost blowout for its Eneabba rare earths refinery and has pushed back its start date, blaming a challenging project environment in the state.

Andrea Sutton, the former head of Rio Tinto’s majority-owned uranium unit, has been revealed as the new chair of the state-owned Water Corporation.

Iluka Resources announced on Tuesday that its mineral sands sales over 2023 were down by 139,100 tonnes from the previous year, despite a production increase of 47,800 tonnes during the period.

Iluka Resources has confirmed the cost of its Eneabba rare earths refinery will be near the top end of its guidance range, while also reporting a slide in annual profit.

Iluka Resources boss Tom O’Leary has taken a shot at China’s “monopolistic production” of rare earths and warned of the country's preparedness to “weaponise” its control.

Mark Beyer and Mark Pownall discuss the federal budget’s mining support, Santos and Quintis job cuts, live sheep exports, property development approvals, NWQ Capital Management, and Clough's journey under Peter Bennett.

Lacklustre common-use infrastructure is proving a hurdle for the Kimberley to latch onto booming demand for rare earth elements.

ANALYSIS: When Mark McGowan launched the $750 million Resources Community Investment Initiative more than 18 months ago, nobody expected an upgrade of Paraburdoo hospital would be its inaugural project.

Former Western Australian governor and federal defence minister Kim Beazley has called for Australia to “play the same game” as China in securing supply of the nation’s rare earths output.

Iluka Resources said today construction of its Eneabba rare earths refinery was dependent on getting more government support to meet higher costs but was unable to update shareholders.

West Perth digital system company Swift Networks has signed a deal to provide access to its entertainment platform at an Iluka Resources mine site.

Shares in Iluka Resources have fallen sharply after the company flagged potentially higher costs, an increased equity contribution and lower royalty payments with the federal backing.

Company director Rob Cole has retired from all of his board roles, including as chair of Iluka Resources and Perth Airport, a month after health issues forced a leave of absence.

Shares in mineral sands miner Iluka slid eight per cent after the company revealed it would be culling 130 jobs in a bid to preserve cash ahead of progressing its major project.

US investment bank picks WA minerals sands miner as a winner in a year where major commodities face price pressures.

Mineral sands miner Iluka Resources generated a full-year net profit of $231 million, down 33 per cent from $343 million in 2024, citing multiple factors.

Embattled miner Mineral Resources will drop out of a key ASX index tracking the 50 biggest companies on the market, as its share price battles continue.