The company set to become Australia’s newest iron ore money spinner will look to diversify its royalty-based income stream through acquisitions in base, battery and precious metals as well as energy.
Mineral sands miner Iluka Resources is a step closer to splitting off its lucrative BHP iron ore royalty business to create Deterra Royalties after the release of the scheme booklet on Thursday.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
