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Iluka to spend up to $290m in Sierra Leone

AAP logoAAP 7/12/2016

Sand miner Iluka Resources could spend more than $290 million on ramping up production, streamlining operations and improving safety at Sierra Rutile after completing a merger with the Sierra Leone-based miner.

Iluka said it would conduct feasibility studies on spending up to $214 million on expanding production at three mines in the West African country over the next three to five years.

The sand miner also expects to spend $80 million on improving operational and safety performance measures at Sierra Rutile over the next two years.

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