Iluka Resources’ plan to demerge its Sierra Leone mineral sands business is in the best interest of shareholders, an independent expert has concluded, boosting the prospect that the proposal will win sufficient support.
Seeking to revive the Sierra Leone mineral sands business, which Iluka has previously sought investment partners for amid sustained production problems, equipment challenges and personnel issues, the Western Australian miner in April announced plans to split its business this year.
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Colin Packham is an energy and resources reporter at The Australian Financial Review Connect with Colin on Twitter.
