Iluka amends BHP royalty agreement

Mineral sands miner Iluka has amended a royalty agreement covering its Mining Area C, with mining major BHP Billiton and its joint venture partners. The ASX-listed company pointed out that the royalty agreement had been in place sine 1994. However, since then, the basis on which iron-ore was marketed and sold has changed significantly. To reflect this change, the royalty has now been amended.