December 16, 2019 / 9:00 PM / 2 months ago

Australia's Iluka Resources to take $290 mln charge in 2019 results

Dec 17 (Reuters) - Mineral sands explorer Iluka Resources Ltd said on Tuesday its full-year 2019 financial results would be impacted by a one-time charge related to its Sierra Rutile Ltd operations in Africa.

The company expects an impairment charge of $290 million related to its Sierra Leone-based rutile operation.

Iluka also said it expects an increase in rehabilitation liability by A$60 million ($41 million). ($1 = A$1.4736) (Reporting by Nikhil Subba in Bengaluru; Editing by Maju Samuel)

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