Iluka to cut mining jobs

Iluka is cutting jobs at its Eneabba mine after it suffered a slide in revenues.

It comes as the miner recorded lower year on year production values, seeing its output drop from 1188.5 thousand tones in 2011 to only 811.8 thousand tonnes.

Due to this lower production and what Iluka terms as a 'cyclical low' for minerals sands demand it will idle its Eneabba mining operation in Western Australia, leading to the slashing of 65 jobs from the site.

It will also reduce the utilisation and rosters at its Hamilton minerals separation plant, its Murray Basin mining operations, and the Virginia mining and mineral processing operations.

Iluka added that "these and other potential actions will reduce costs across the business".

Iluka only restarted mining at Eneabba in mid-2011 after it diled the project in 2010 due to declining grades and low margins.

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