Iluka Resources Limited is an Australian Securities Exchange listed resources company (ASX code: ILU) and has 418.7 million shares on issue as at 31 December 2009. It is involved in the exploration, project development, operation and marketing of mineral sands.
The company’s objective is to create and deliver value for shareholders.
Iluka’s key value drivers are: Profitability, Sustainability and Growth (PSG).
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, although the largest global producer of higher value titanium dioxide products - rutile and synthetic rutile (upgraded ilmenite).
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.
Outside the core mineral sands business, Iluka has a royalty over iron ore produced from specific tenements of BHP Billiton's Mining Area C (MAC) province in the north west of Western Australia.
The main mineral sands products of rutile, synthetic rutile, ilmenite and zircon have a wide range of consumer, lifestyle and industrial applications - from pigment production used in paints, plastics, papers, titanium metal production, welding electrodes, to tiles, sanitary ware and zirconium based chemicals and zirconia metal applications.
The company employs approximately 1,000 people across its operations and development projects with its head office located in Perth, Western Australia.
Iluka is committed to operating in a sustainable matter. The company believes that targeting high levels of performance and pursuing best practice in the areas of environment, health and safety reflects Iluka's values of Commitment, Integrity and Responsibility.
The company is expected to evolve over the next few years from its current reliance on the Western Australian operations to larger, higher quality, longer life operations in Victoria, New South Wales and South Australia.