Iluka March qtr revenue slips 11 pct

Mineral sands miner Iluka Resources has posted March quarter revenue of $102.1 mln due to lower zircon and ilmenite sales and falling prices.

Mineral sands miner Iluka Resources has posted an 11 per cent decline in March quarter revenue due to lower zircon and ilmenite sales and falling prices.

Iluka reported revenue of $102.1 million for the three months ended March 31, down from $115.2 million a year ago as market conditions for its products remain subdued.

Production for the quarter was up 39.5 per cent at 233,200 tonnes.