https://newsletter.mw.creamermedia.com
Business|Financial|Iron Ore|Resources|Products
Business|Financial|Iron Ore|Resources|Products
business|financial|iron-ore|resources|products

Australian critical minerals miner Iluka falls on flagging impairment of minerals sands unit

29th January 2026

By: Reuters

  

Font size: - +

Australia's Iluka Resources said on Thursday it expects to recognise two exceptional items, including an impairment of its mineral sands business, putting its shares on course for their largest single-day decline in two months.

The non-cash impairment charge for the segment is expected to be around A$350-million before tax and will be accounted for in its final 2025 results, Iluka added.

Shares of the critical minerals miner fell as much as 8.4% to A$5.92, set for their weakest session since late November 2025. The stock is the worst performer on the broader ASX 200 index .AXJO, which was down 0.4% as of 23:23 GMT.

The impairment comes after Iluka in September disclosed the suspension of production activities at its Cataby mine and Synthetic Rutile Kiln 2 (SR2) processing facility in Western Australia.

The decision had been taken due to subdued demand for mineral sands and their associated downstream products, with lower levels of global economic activity further weighing on purchasing behaviour of their customers, the company said in its September statement.

Rio Tinto is also looking to exit its minerals sands business, with the world's largest iron-ore miner last year flagging that its titanium and borates divisions were up for sale.

Iluka added in its Thursday announcement that it would also recognise a reduction for some of its inventory as price expectations have prompted a decrease in realised value for its items.

The company is expected to include exceptional charges totalling A$565-million pre-tax in its financial statement for the year ended December 31.

In its quarterly production report, Iluka flagged that development of its Eneabba rare earths facility, which is being built via a partnership with the Australian government, has progressed, with commissioning slated for 2027.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

US to back $1.6bn USA Rare Earth funding, shares jump
US to back $1.6bn USA Rare Earth funding, shares jump
27th January 2026 By: Reuters

Showroom

Amsted Reelin image
Amsted Reelin

REELIN is Currently the largest supplier of Bearings to Transnet. We have contracts to supply bearings, draft gears slackadjusters and other...

VISIT SHOWROOM 
ABB Electrification
ABB Electrification

Electrifying the world in a safe, smart, and sustainable way, ABB Electrification is a global technology leader in electrical distribution and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (23/01/2026)
23rd January 2026 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.135 0.215s - 145pq - 2rq
Subscribe Now