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On Thursday, 10 September 2020 Iluka released the Demerger Booklet containing information regarding the proposed Demerger of Deterra Royalties Limited (Deterra) from Iluka.   

The demerger has resulted in two independent ASX-listed companies - Iluka Resources Limited, a global leader in the mineral sands industry and Deterra Royalties Limited,  the largest independent royalty company listed on the ASX, with the MAC iron ore royalty as its cornerstone asset.

Links to demerger related announcements and presentations can be found at the bottom of the page.

Independent Chair

  • Over 30 years experience across capital markets, mergers and acquisitions and accounting advisory roles and numerous directorships
  • Currently a non-executive director of BGC and Australian Rail Track Corporation
  • Select previous directorships include Iluka Resources, MMG, Export Finance and Insurance Corporation and AlintaGas

Managing Director & Chief Executive Officer

  •  Extensive experience in diversified portfolio investment, project finance, capital raising and mergers and acquisitions across a range of industries including mining, energy and chemicals
  • Previous roles include Head of Strategy, Planning & Business Development at Iluka Resources and prior to that held roles as General Manager, Business Development and Chief Financial Officer in Wesfarmers Chemicals, Energy & Fertilisers division

Independent Non-Executive Director

  •  Highly experienced mining executive, served as BHP’s head of acquisitions and divestments from 2009 to 2016
  • Previous experience in variety of business development, investment evaluation, project and structured finance roles within BHP group, Rio Tinto and CRA Limited
  • Instrumental in leading several global business development opportunities within BHP, including the fundamental strategic reshaping of BHP’s core asset portfolio during his tenure as head of assets and divestments, including the demerger of South32

Independent Non-Executive Director

  •  Extensive global asset management experience in mining and energy sector, including 8 years as Head of Global Resources at Colonial First State Global Asset Management 
  • Currently a non-executive director of First Quantum Minerals, a globally diversified TSX-listed base metals group, and Geo40 Limited, a pioneering company focused on the extraction of silica and other minerals from geothermal fluids associated with power generation

Non-Executive Director, Iluka Nominee

  •  Joined Iluka in 2011 and was appointed Chief Financial Officer in September 2018. In the intervening period held numerous senior roles across the company, most recently General Manager Finance, Investor Relations and Corporate Affairs
  • Qualified chartered accountant with 20 years’ experience working in both professional practice and public listed companies, including holding roles within KPMG’s assurance practice and Rio Tinto Iron Ore

Chief Financial Officer

  •  Over 30 years of commercial and operational experience in the global mining industry, most recently served as Chief Financial Officer and Chief Business Development Officer at Boart Longyear
  • Previously held a number of senior business development roles at Rio Tinto with a focus on evaluation and delivery of investment opportunities across a range of commodities including copper, nickel, zinc and diamonds, culminating in the position of Rio Tinto’s Global Head of Business Evaluation from 2012 to 2015
Related presentations and documents