🕐07.12.11 - 23:27 Uhr

ILUKA RESOURCES: HIGH GRADE TITANIUM DIOXIDE PRICING



Iluka issued the attached, self-explanatory release in relation to rutile and synthetic rutile pricing outcomes for the first half of 2012.

 

The key aspects are:

 

·          Iluka expects to achieve an increase in the first half 2012 weighted average price for rutile of between 80 and 85 per cent, relative to a forecast weighted average second half 2011 price of approximately US$1,340/tonne.

 

·          For synthetic rutile, a first half 2012 weighted average price increase of between 85 and 90 per cent is expected to be achieved relative to a forecast weighted average second half 2011 price of approximately US$1,075/tonne.

The new prices are effective 1 January 2012 for six months.

 

This release relates to high grade titanium products only.

As Iluka advised on 12 October 2011: "Iluka emphasises that its disclosures in relation to changes in the business, including product price changes, will be in line with its ASX disclosure obligations and in the ordinary course pricing commentary will be restricted to its half and full year financial statements."

 

Given no material change in expected zircon pricing outcomes for zircon in the first quarter of 2012, relative to prevailing 4th quarter 2011 zircon pricing outcomes, no separate disclosure is considered warranted.

Iluka will update on market conditions, as well as any further detail on 2012 physical production and sales trends at the time of the full years results.

 

If clarification on the release sought, please contact me.

 

Regards

 

Rob

 

 

Robert Porter | General Manager Investor Relations
Iluka Resources Limited | Suite 1-2, Level 9, 118 Queen Street | Melbourne VIC 3000
Phone +61 3 9600 0807 | Mobile +61 (0) 407 391 829
Perth Corporate + 61 8 9360 4700




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