Iluka downgrades sales forecasts
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Iluka downgrades sales forecasts

Sydney : Australia | Jul 08, 2012 at 4:11 PM PDT
Source: Sydney Morning Herald
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The company on Monday said there had been a marked deterioration in major regional economies, and the economic outlook had become more pessimistic. This had impacted on the confidence levels of mineral sands customers and, therefore, lowered the company's performance expectations, Iluka said.... FULL ARTICLE AT Sydney Morning Herald
 
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    Shares in Iluka Resources have plunged to 18-month lows after the mineral sands miner surprised the market with a sales downgrade and dire short-term outlook for the global economy. THE downgrade is a sharply more pessimistic view than that presented...

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