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Burrows interactive Case Studies 2016

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With industry experience spanning almost 35 years, we bring a wealth of creative and project production expertise.
We help clients create engaging, memorable brands and communications through compelling multi-platform experiences:

Brand experience development
Web and interactive multimedia
Visual communication design
Digital production
Project management – print, web, video
We don’t just work with clients, we collaborate with them. Taking the time to gather deep insights about their organisation, brand and strategic objectives assures mutual success.
We believe customer service is paramount and great work cannot happen without passion, commitment and attention to detail.

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Burrows interactive Case Studies 2016

  1. 1. BURR WS INTERACTIVE DESIGN
  2. 2. BURROWS INTERACTIVE Burrows Interactive Design is an innovative, dynamic, multi disciplinary digital agency, specialising in brand identity and digital communications. With industry experience spanning almost 35 years, we bring a wealth of creative and project production expertise. We help clients create engaging, memorable brands and communications through compelling multi-platform experiences: Brand experience development Web and interactive multimedia Visual communication design Digital production Project management – print, web, video We don’t just work with clients, we collaborate with them. Taking the time to gather deep insights about their organisation, brand and strategic objectives assures mutual success. We believe customer service is paramount and great work cannot happen without passion, commitment and attention to detail. CASE STUDIES/AUGUST 2016 BURR WS
  3. 3. CASE STUDIES/ THE CUSTOMER: ILUKA RESOURCES Iluka Resources is a major global mineral sands resource company. It is involved in the exploration, project development, operations and marketing of mineral sands products. The company’s objective is to create and deliver value for shareholders. Iluka is the largest producer of zircon globally, and a significant producer of the high- grade titanium dioxide products of rutile and synthetic rutile. The main mineral sands products of rutile, synthetic rutile, ilmenite and zircon have a wide range of consumer, lifestyle, and industrial applications. These include pigment production used in paints, plastics, papers, titanium metal production, welding electrodes, floor and wall tiles, sanitary ware, zirconium based chemicals, and zirconia metal applications. China and developing economy growth is an important influence on end demand. The major part of Iluka’s production base is in Australia, with mining and processing operations in Virginia, USA. Iluka Resources Limited CREATE AND DELIVER VALUE FOR SHAREHOLDERS Annual Report 2014 MINERAL SANDS – PART OF EVERYDAY LIFE Iluka_2014_cover_FA.indd 4 20/03/2015 9:54 am 20 15 ILUKA REVIEW Acacia papyrocarpa Western Myall tree Eucla Basin, South Australia
  4. 4. The Company Iluka Resources Location Perth, West Australia Type Mining Web Site www.iluka.com Employees 853 people in five countries Iluka Resources Equity Market Video Interviews THE CHALLENGE Iluka Resources Senior Management Conference – Equity Market Video Interviews • Short video interview with a selection of institutional fund managers – some investors some not. Likewise with a couple of analysts – one likely favourably disposed, one less convinced. • QA’s: – when you think about Iluka from an investment perspectives; what are its strengths; what its weaknesses – how is Iluka differentiated from other resource companies you have reviewed – from your perspective, how would you describe the culture of Iluka – what other observations would you have about Iluka
  5. 5. The Company Iluka Resources Location Perth, West Australia Type Mining Web Site www.iluka.com Employees 853 people in five countries The Iluka Website Interface redesign THE CHALLENGE Iluka Resources company website – Navigation structure/Interface redesign • Provide an engaging online experience while allowing visitors to the site to access all content areas and find the information they need easily • Update and review content in all areas is displayed and how that information is readily accessed by the end user. THE SOLUTION We developed a design solution that highlights exceptional content navigability, usability and accessability to detailed information delivery to the user. It is ‘user’ focussed in it’s design and providing an engaging experience for the target audience. Visit the site: www.iluka.com
  6. 6. Baringo Brand Identity development THE CHALLENGE Develop a refresh Brand Identity and positioning line and Brand Image campaign for Baringo wine and food New Gisborne in Victoria. • Baringo Website redevelopment. Navigation structure, content development, Interface design to reflect new identity and positioning:- Baringo – A regional wine and food haven Provide an engaging online experience while allowing visitors to the site to access all content areas and find the information about what’s on at Baringo easily. • Develop an advertising and promotional campaign for Baringo. THE SOLUTION We developed a design solution that highlights the exceptional quality of services Baringo has on offer – superb wines and dining experience, provedore, bistro/cafe, theatre, wine bar, wine shop and banquet room. The Company Baringo Location New Gisborne, Victoria Type Hospitality Web Site www.baringo.net.au
  7. 7. View the interactive Banquet Room brochure online The Company Baringo Location New Gisborne, Victoria Type Hospitality Web Site www.baringo.net.au Baringo – A regional wine food haven ProvedoreIWineBarIBistroIBanquetRoomIWineShopITheatre THEATRE HIGH TEACAFE CATERING Open 7 Days Films... Lectures... Performances. Local and International wines and boutique beers. WINE SHOP PROVEDORE WINE BAR Every Sunday 12 – 4pm Coffee Roaster ‘Red Star’ winner of the 2015 Golden Bean award. JAPANESE IZAKAYA Tues.Wed.Thurs from 6pm BISTRO Friday Saturday Sunday BANQUET ROOM 41| Visitor Guide Gisborne South GISBORNE NEW GISBORNE Mt Macedon Hesket Newham Rochford NCEFIELD WOODEND North MELBOURNE You can ust ang down at e Rock or ind a ce ar d r to “ nock, nock, nock” Ca lder Fw y M79 StationRd www.baringo.net.au 283 Station Road New Gisborne,Victoria 3438 PH: 03 5428 2144 E: info@baringo.net Map Poster_press_FA.indd 1 16/09/2015 2:06 pm Dreaming of a boutique wedding Nestled at the Foothills of Mt Macedon is Baringo, a regional food wine haven and the perfect wedding location: Picnic weddings on the lawn, Garden weddings, Banquet style weddings, Cocktail Party weddings, Degustation weddings with matching wines. A special place for your entire Wedding and all under the beautiful canopy of the Macedon Ranges. Find our more by calling Janet on 54282144 or www.baringo.net.au www.baringo.net.au 283 Station Road New Gisborne,Victoria 3438 PH: 03 5428 2144 E: info@baringo.net.au Open 7 days Celebrate@Baringo
  8. 8. The Company Iluka Resources Location Perth, West Australia Type Mining Web Site www.iluka.com Employees 853 people in five countries THE CHALLENGE Iluka Resources Investor Relations Guide App. – Concept, design, Navigation structure/Interface design Content and technical development • The Iluka Investor Relations Guide is designed for those wishing to gain an understanding of the main elements of the company, its assets, industry context and basis for shareholder value generation. THE SOLUTION The Iluka Investor Relations Guide for Apple iPad and Android provides online and offline access to recent information relating to the company (ASX: ILU). It includes the following information and features: - Iluka’s investment proposition, shareholder alignment, capital management - company overview, resource base and operations- mineral sands industry - sales and marketing, customer structure, global locations - historical financials, investment and industry presentations - access to latest releases - events calendar The App can be downloaded from the Apple iTunes Store (App Store) and Andrioid version from Google Play by searching for “Iluka Investor”. Content Development Burrows Interactive worked closely with the Iluka Investor Relations team to develop all App content from scratch. Creative Director Bill Burrows and his team developed Interface Content elements and Navigation concepts and digital artwork Photography, maps, diagrams and charts were designed and purpose built to work in Ipad Retina Display and Android formats. The Iluka Investor Relations App
  9. 9. Iluka Resources Limited CREATE AND DELIVER VALUE FOR SHAREHOLDERS Annual Report 2014 MINERAL SANDS – PART OF EVERYDAY LIFE Iluka_2014_cover_FA.indd 4 20/03/2015 9:54 am Light bulbs, dishes, glasses, clock parts, food colouring, ceramic knives, pans Mobile phones, plastic, printer inks, paper, packaging Ceramics, sanitary and toilet basins, glass, faucets for taps, cosmetics, pharmacuetical products, toothpaste, anti perspirants, sunscreens Solar panels, electrical insulators, bricks/cement, fibre optics, exterior and interior paint, tiles/anti- pollution coatings Bathroom/lifestyleRoof/building/construction Home/office Kitchen/utilities Mineral Sands – part of everyday life A number of the applications of mineral sands products are shown in this section. From everyday applications in the home and workplace, to medical, lifestyle and industrial applications, the unique properties of titanium dioxide and zircon are utilised in a vast and increasing array of products and applications. Cover Image: Mineral sands products are used in an array of everyday use applications. The floor and wall tiles shown in the cover image contain zircon. Zircon contributes the whiteness and the abrasion and heat resistance that tiles provide. Ceramics are also the floor covering of choice in many developing economies. The paint coatings on the wall, the plastic of the stool and toilet seat use titanium dioxide in the form of pigment. Even the toothpaste contains inert and safe colouring derived from titanium dioxide. Demand for mineral sands products is linked to urbanisation, to increases in personal wealth and consumption of a range consumer goods. PART OF EVERYDAY LIFE ILUKA ANNUAL REPORT 2014 1 Titanium metal, desalination plants, zirconia-nuclear medicine, zirconium metal, corrosion resistant coatings Golf clubs, tennis racquets, bicycle frames (titanium) Dental implants, hip and bone replacements, heart pacemakers, kidney dialysis Brake linings/pads, car parking sensors, automotive paint, catalytic converters, automotive electrics, rubber products Healthcare/medicineAutomotive Sporting goods/recreation Aircraft/industry 26 Other Growth Options Metalysis – New Titanium Powder Production Technology Iluka has established an Investment Agreement with the private, UK based, Metalysis Limited for an interest of 18.3 per cent in the Company. This investment forms a part of Iluka’s alliancing and new ventures approach. Metalysis is seeking to develop a single stage process for the transformation of various metals into powder form.This includes initial work relating to tantalum and titanium dioxide feedstocks. If Metalysis can commercially produce titanium metal powder direct from rutile, and potentially synthetic rutile, material reductions in the cost of titanium metal could follow. Significantly lower prices for titanium metal could dramatically expand the applications of titanium metal, for example, replacing stainless steels and high performance steel alloys and opening up demand in other markets such as the manufacture of automobiles.The application of titanium powder in 3D printing also presents exciting opportunities. Such developments would be positive for high grade feedstock demand. Iluka has one Board seat (a non-executive director of Iluka) and also one observer (an executive). Iluka is pleased with Metalysis’ progress in proceeding towards potential commercialisation and in terms of Iluka’s involvement this has included: ■ provision of various feedstocks, including synthetic rutile, for testing in a small industrial unit, with valuable information gained which may allow the “customisation” of feedstocks; ■ Iluka’s involvement in the provision of both technical and project management expertise to assist Metalysis management with their commercialisation activities.This has included reciprocal visits between Metalysis and Iluka’s technical teams with a view to sharing knowledge and systems in the development and commercialisation of the Metalysis business. Iluka has a right to increase its shareholding to between 20 to 24.9 per cent in the event of an Initial Public Offering by Metalysis. MINERAL SANDS PROJECTS AND OTHER GROWTH OPTIONS 22 Iluka’s sales and marketing function continued to evolve to better service customer needs and expand Iluka’s global market presence. Key features are indicated on these pages. Belgium Netherlands Amsterdam Dubai Wilmington, North Carolina US Rio de Janeiro Raleigh Newcastle, Delaware Nashville Europe Middle EastSpain Durban Warehouse and small lot distribution facility Corporate/marketing/exploration offices Legend Adelaide Melbourne Surat Qingdao Shanghai Malaysia Indonesia Sri Lanka Xiamen Zhenjiang Vietnam Singapore China Australian operations Perth MARKETING AND SALES FULL RANGE OF QUALITY PRODUCTS MARKET ANALYSIS Iluka provides a full range of titanium dioxide grade feedstocks as well as zircon products for all applications. In total the Company has 53 products with different technical specifications. This includes 18 different specifications of zircon products. During the last 18 months, the Company launched 8 new products, designed to meet specific end market applications. Iluka conducts detailed industry analysis in both the titanium dioxide and zircon markets. In zircon, this has included the completion of a comprehensive ceramic analysis survey, with an updated survey commenced in late 2014. Summary results of the 2013 zircon in ceramics tile survey are available on Iluka’s website. Iluka was a founding member of the Zircon Industry Association and is an active participant and supporter of industry initiatives for the research into the unique properties of mineral sands products and their increased applications. Digital Printing of Ceramics 18 Iluka operations – 2013 and 2014 production levels Production 2013 2014 kt kt Australian operations Eucla / Perth Basins Zircon 186 240 Rutile 33 30 Synthetic rutile 59 0 Ilmenite 211 103 Murray Basin Zircon 60 93 Rutile 94 148 Ilmenite 184 168 Australian operations total Zircon 246 333 Rutile 127 177 Synthetic rutile 59 0 Ilmenite 395 271 United States operation Zircon 40 25 Ilmenite 190 95 Note: Numbers are rounded to nearest whole number. OPERATIONAL AND PRODUCTION OVERVIEW 2013 2014 2015 Notes: 2015 operating regimes dependent on market demand conditions. * MSP – mineral separation plant. 100% Utilisation 100% Utilisation Mine idled March Concentrate continues to be processed Murray Basin Mining Woornack, Rownack, Pirro Mine (WRP) Hamilton MSP Jacinth-Ambrosia Mining Narngulu MSP Tutunup South Mining SR2 Kiln 3 other Kilns US Mining (Virginia) Stony Creek MSP Production settings The following chart coveys Iluka’s production settings in 2013 and 2014, along with expected production settings in 2015. Iluka’s approach is to adjust production in light of market conditions. For this reason, the Company has been operating at lower than usual operating rates. The Company has the ability to rapidly reactivate production in light of demand recovery and the progressive drawdown of inventory levels. Iluka’s production response to lower market demand conditions has been associated with a cash conservation focus. ~50% Utilisation ~40% Utilisation Idled June Idled June Near full utilisation ~80% Utilisation ~80% Utilisation ~50% Utilisation Idled Idled Idling Concorde mine end February; Brink mining to continue Feed dependent 50% Utilisation Idled previous years ~70% Utilisation ~50% Utilisation Restart February Restart April Brink mining continues Feed dependent 70% Utilisation Idle ILUKA ANNUAL REPORT 2014 17 Ore Reserve/Mineral Resource movements Eucla Basin Ore Reserves decreased by 0.6 million tonnes of heavy mineral, principally associated with mining depletion from the Jacinth deposit and write-offs. Eucla Basin Mineral Resources decreased by 0.6 million tonnes of heavy mineral, principally associated with mining depletion from the Jacinth deposit and write-offs. Eucla Basin, South Australia Ore Reserves decreased by 1.1 million tonnes of heavy mineral due to mining depletion at the Woornack, Rownack and Pirro deposits (1.0 million tonnes of heavy mineral) and write-offs. Mineral Resources decreased by 1.3 million tonnes of heavy mineral with mining depletions and write-offs for finalised mining operations (0.3 million tonnes of heavy mineral). Murray Basin,Victoria / New South Wales Ore Reserves in the Perth Basin did not change due to the idling of Eneabba (March 2013) andTutunup South (June 2013). Perth Basin Mineral Resources decreased by 0.4 million tonnes due to write-offs. Perth Basin, Western Australia Ore Reserves in the United States decreased by 0.1 million tonnes of heavy mineral. Mining depletion (0.2 million tonnes) and write-downs were offset slightly by 0.1 million tonnes of increased ore reserves at the Brink operation. Mineral Resources decreased marginally. Mining depletions were almost offset by increased resources at the Brink operation. Atlantic Seaboard, Virginia / North Carolina, United States There were no changes recorded for Sri Lanka.Sri Lanka ILUKA ANNUAL REPORT 2014 23 PEOPLE AND PRODUCT CLOSER TO CUSTOMERS TRACK RECORD OF DELIVERING ON PROMISES Iluka has an extensive network of warehouses and distribution facilities, with a new centre in Wilmington, North Carolina established in 2014, and a total of 14 global points of product distribution.The Company has marketing and sales offices in 10 locations with a skilled, multi lingual team, speaking 17 languages. Iluka operates 24/7 account and customer relationship management systems. Iluka seeks to be a dependable partner for its customers and the long term growth of their businesses. This is reflected in a variety of ways, including the shipment of all products in 2014 to defined specifications, as well as the Company’s longer term commitment through exploration, innovation, research and project development to the continuation of reliable, high quality supply. DEDICATED PRODUCT SALES TEAMS In 2014, Iluka established separate, dedicated titanium dioxide and zircon sales teams, comprising industry experts, better able to cater for the specific requirements of these two markets and their various end market applications. Iluka also has a mineral sands trading arm. Zr Ti CHINA – MARKET DEVELOPMENT Building on Iluka’s established market presence in China, the Company announced the creation of a China Technical Centre, to be operational in 2015. This centre will be staffed by Chinese and international experts with a capability to service both titanium dioxide and zircon customers. With a full service laboratory it will be equiped to provide analysis of products, opacifier tests and includes a chlorinator for feedstock optimisation. Artist’s impression of the ChinaTechnical Centre Belgium Netherlands Amsterdam Dubai Wilmington, North Carolina US Rio de Janeiro Raleigh Newcastle, Delaware Nashville Europe Middle EastSpain Durban Warehouse and small lot distribution facility Corporate/marketing/exploration offices Legend Adelaide Melbourne Surat Qingdao Shanghai Malaysia Indonesia Sri Lanka Xiamen Zhenjiang Vietnam Singapore China Australian operations Perth 19 Operational commentary Australia ■ Iluka operated its two Australian mineral separation plants at lower than usual utilisation levels, in light of market conditions. ■ Murray Basin mineral separation plant utilisation was ~80 per cent, with concentrate from the Jacinth-Ambrosia mining operation in South Australia in the plant blend (at up to 30 per cent) to improve operational efficiencies. ■ Mining in the Murray Basin at the Woonack, Rownack, Pirro deposits continued, with this mining to reach the end of its economic life in the first quarter of 2015. Both finished product and concentrate inventory has been built to supply the market prior to the planned commencement of the next mining operation – Balranald, New South Wales. ■ The Jacinth-Ambrosia mine operated throughout the year; concentrate inventory levels year on year increased associated with full mining utilisation. ■ All synthetic rutile kiln activity was idle in 2014, with the largest kiln (SR2) to recommence production in the second quarter of 2015. Synthetic rutile product during the year was supplied from inventory. ■ Mining at the Tutunup South mine in the South West, Western Australia remained idled, but with mining recommenced in February 2015. Virginia, United States of America ■ Concord mine in Virginia (one of two chloride Iluka ilmenite mines in the US) was idled in February, given sufficient ilmenite from inventory and the Brink mine to meet expected market demand. ■ The mineral separation plant at Stony Creek, Virginia operated at ~50 per cent utilisation. ■ Iluka announced in December 2014 that the idling of the Virginia operations is likely in 2015. ILUKA ANNUAL REPORT 2014 Highest global zircon assemblage deposit. Ilmenite mining, mineral processing and ilmenite upgrading (synthetic rutile). Major rutile production, significant associated zircon stream. Chloride ilmenite and associated zircon production. Iluka’s flexible production options results in the company’s total indicative production of its main products varying according to demand. INTEGRATED FLEXIBLE PRODUCTION BASE EUCLA BASIN SOUTH AUSTRALIA MURRAY BASIN VICTORIA/NEW SOUTH WALES PERTH BASIN WESTERN AUSTRALIA VIRGINIA UNITED STATES ILUKA ANNUAL REPORT 2014 27 Tapira, Brazil – Large Titanium Mineralisation In July 2014 Iluka established a Joint Development Agreement and Intellectual Property Agreement with Vale S.A. for the staged evaluation and potential development of major titanium mineral bearing deposits at Tapira, located in Minas Gerais State, Brazil. The deposit contains titanium dioxide ores (anatase, ilmenite), rare earth elements and magnetite, located in a region with infrastructure and logistics and associated with Vale’s phosphate rock mine in Tapira. The deposit has the potential to accommodate world class titanium feedstock and rare earth element operations. Iluka’s involvement is through a series of stages which ultimately could result in the Company having a 49 per cent interest in the project.The first stage consists of a market study for final product market entry, a review of pilot plant design and an ore characterisation study to determine the preferred design before progressing to further stages. 32 Material aspects Environment Health and Safety Society Employees Water Waste Biodiversity Land rehabilitation and closure Energy and carbon Occupational hygiene and health Safety Radiation Contractor management Emergency preparedness Stakeholder engagement Grievance management Indigenous people Cultural heritage Community partnerships Socio-economic contributions Anti-bribery and corruption Diversity Talent management Employee engagement Volunteering The long term success of the business relies on attracting, retaining and developing quality people who share the Company’s commitment to safe, responsible conduct in all its operations. It also requires sound planning, control and risk management systems and building strong and healthy relationships with stakeholders that are of mutual benefit. Reporting approach The 2014 Sustainability section of the Annual Report details the Company’s sustainability approach and performance relating to Iluka led exploration activities, projects, operations, rehabilitation sites, facilities and offices globally. Iluka is seeking to progressively align its reporting with the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines G4, as they relate to its business, its key risks and the stakeholders the Company engages with. The 2014 report addresses the aspects of the business considered the most material and, where practicable, reports against G4 indicators relating to these aspects of Iluka’s business. Materiality Iluka employs a number of processes for identifying material sustainability aspects, including impact assessments, risk assessments, and ongoing stakeholder engagement. Aspects are considered material if they have the potential to impact the Company’s ability to achieve business objectives or are of material concern to stakeholders. SUSTAINABILITY Rehabilitated land at Waroona in the South West of Western Australia. Iluka believes in targeting high levels of performance and pursuing leading sustainability practices. The Company’s actions reflect values of Commitment, Integrity and Responsibility. 8 Key Elements of Iluka’s Approach - 2014 ■ Health and safety - Continued organisational and cultural focus on maintaining a safe work environment - Total recordable injury frequency rate of 3.6, compared with 4.6 in 2013 - Lost time injury frequency rate of 0.9 compared with 0.3 in 2013, considerably lower than the 2010–2012 average of 2.9 ■ Sustainability - No major environmental incidents, with 84% of incidents level one (lowest severity) - Awarded South Australian Premier’s Award for Excellence in Environmental Management, associated with rehabilitation in a mixed use regional reserve in the State ■ Ore Reserves and Mineral Resources - Ore reserves decreased by 1.8 million tonnes to 24.9 million tonnes, mainly reflecting depletions - Approximately 15 years reserve cover at 2014 depletion rate - Mineral Resources of 176.4 million tonnes (inclusive of Ore Reserves), approximately 7 times Ore Reserves ■ Financial performance - Net earnings after tax, a loss $62.5 million, inclusive of $86.5 million after tax non cash impairment - Group EBITDA margin of 32.5% - Free cash flow of $196.3 million - Net debt of $59.0 million with available undrawn facilities of ~$708 million - Gearing (net debt/net debt + equity) of 3.9% ■ Market conditions - Partial zircon demand recovery, with demand most robust in China and North America - Conditions for demand recovery in high grade titanium feedstock market evident, particularly chloride pigment KEY ELEMENTS OF 2014 Summary Ore Reserves In Situ Heavy Mineral Tonnes (millions) Opening Reserves 2014 26.6 Production/Depletions (1.6) New Ore Reserves/Adjustments (0.1) Closing Ore Reserves 24.9 Ore Reserves Net Change (1.8) Summary Mineral Resources In Situ Heavy Mineral Tonnes (millions) Opening Mineral Resources 2014 178.7 Production/Depletions (1.6) New Mineral Resources/Adjustments (0.6) Closing Mineral Resources 176.4 Mineral Resources Net Change (2.3) Totals may not add due to rounding Ore Reserves decreased by 1.8 million tonnes of heavy mineral, following mining depletion and adjustments. Mineral Resources decreased by 2.3 million tonnes of heavy mineral, net of mining depletion and adjustments (sale, relinquishment, exploration discovery and development and write-downs). Ore Reserves Cover (Ore Reserves divided by annual depletion) is approximately 15 years at 2014 depletion rates (a lower than usual year of depletions), while the amount of Mineral Resources (which is inclusive of Ore Reserves) is approximately 7 times the Ore Reserve level.The movement in Ore Reserves and Mineral Resources are described on the next page. ORE RESERVES AND MINERAL RESOURCES The following table provides a summary of Iluka’s Ore Reserves and Mineral Resources as at 31 December 2014. Iluka’s complete Ore Reserves and Mineral Resources statement, reported in accordance with the JORC Code (2012 Edition), is available on pages 157 to 161. 16 ILUKA ANNUAL REPORT 2014 33 Where Iluka operates Different sustainability aspects are relevant to Iluka in different locations and at different points in the value chain. As depicted in the accompanying map, all of Iluka’s operations and rehabilitation sites are in OECD countries, hence material sustainability aspects are those relevant to these locations. Iluka also operates warehouse facilities, marketing offices, and exploration sites in several OECD and non-OECD countries; however these are typically staffed with less than 10 people and have a limited sustainability profile. As the Company advances projects and examines growth opportunities in new locations - through exploration, acquisitions, and joint ventures - risk assessments are undertaken to identify location-specific issues and risks. Iluka’s sustainability framework and capabilities will be evaluated in accordance with this to ensure the Company can maintain its commitment to safe and responsible conduct in all operating environments. Adelaide Melbourne Belgium Netherlands Amsterdam Dubai US Wilmington Rio de Janeiro Wilmington, North Carolina Newcastle, Delaware Nashville Raleigh Qingdao Shanghai Malaysia Indonesia Sri Lanka Xiamen Zhenjiang Vietnam Singapore China Europe Middle East Australian operations Perth Perth Basin Mining Area C Eucla Basin Murray Basin Spain Durban 148 6 2 1 1 1 2 1 1 12 678 In 2014 Iluka employed 853 people, with 826 of these working in Australia and the US. 9 ILUKA ANNUAL REPORT 2014 ■ Operational flexibility Continuation of significant operational adjustments in light of market conditions - Combined 2014 zircon, rutile and synthetic rutile production continued at ~40-50% of ‘high cycle’ settings - All synthetic rutile capacity idled during year - Idled Concord mine in Virginia – Brink mining continued - Lower utilisation rates at Iluka’s three mineral separation plants - Build of concentrate inventory, especially in Murray Basin ■ Shareholder returns - Total dividend of 19 cents per share fully franked (6 cents interim dividend, 13 cents final dividend) - Share price performance – 31.1% decline for the year vs 14.5% decline for Materials Index - 5 year total shareholder return of 107.0% vs Materials Index decline of 22.2% ■ Mineral sands projects Evaluation of internal mineral sands projects advanced - West Balranald, New South Wales; Cataby, Western Australia; Hickory and Aurelian Springs, US - Eucla Basin satellite deposits at pre-feasibility stage - Puttalam Project, Sri Lanka – regulatory approval work progressed ■ Growth options - 18.3% interest in Metalysis – UK based technology company seeking to commercialise titanium powder production - Phase 1 evaluation of largeTapira deposit, Brazil, with Vale S.A. The Company Iluka Resources Location Perth, West Australia Type Mining Web Site www.iluka.com Employees 853 people in five countries The Iluka 2014 Annual Report
  10. 10. The Company Iluka Resources Location Perth, West Australia Type Mining Web Site www.iluka.com Employees 853 people in five countries THE CHALLENGE Iluka Resources Virtual Minesite Tour • Provide an interactive online experience so investment market and broking analysts can research at their own pace • Provide a way for investors to research online texturally for further more detailed information about Iluka mining operations. THE SOLUTION Creating a Responsive ‘User Experience’ We developed a ‘Responsive Agnostic design solution’– one piece of content that re contextualised to suit the device the viewer was using – Desktop, laptop, Tablet or Phone this solution provided a slick immersive viewing experience that highlights exceptional content navigability and usability whilst providing a solution to both web based interactive delivery as well as offline ‘travelling roadshow’ presentation style delivery. It is ‘user’ focussed in it’s design and responsive in technical development – providing an engaging experience for the target audience. Visit the site: http://www.ilukavirtualminesitetour.com The Iluka Virtual Minesite Tour
  11. 11. The Iluka Virtual Minesite Tour
  12. 12. 20 15 ILUKA REVIEW Acacia papyrocarpa Western Myall tree Eucla Basin, South Australia 4 Key Elements of Iluka’s Approach - 2015 KEY ELEMENTS OF 2015 FINANCIAL PERFORMANCE SAFETY PEOPLE PROJECTS ADVANCED GROWTH OPTIONS OPERATIONAL FLEXIBILITY ENVIRONMENT SHAREHOLDER RETURNS ORE RESERVES AND MINERAL RESOURCES 5 ■ Safety - Continued organisational and cultural focus on maintaining a safe work environment - Total recordable injury frequency rate of 6.7, compared with 3.6 in 2014; higher year-on-year, but still a material improvement on levels before the Company's Safe Production Leadership initiative in 2011 - Stable lost time injury frequency rate of 0.9 ■ Environment - No major environmental incidents, with 88% of incidents level one (lowest severity) - Continued focus on high standards of environmental management - 3rd consecutive year of reducing “open” area via land rehabilitation activities ■ People - Continued focus on organisational diversity - Awarded 2015 AIM WA, West Business Pinnacle Award for Workplace Diversity Excellence ■ Ore Reserves and Mineral Resources - Ore Reserves decreased by 1.8 million tonnes to 23.0 million tonnes, mainly reflecting depletions and adjustments - Approximately 12 years reserve cover at 2015 depletion rate - Mineral Resources of 173 million tonnes (inclusive of Ore Reserves) ■ Financial performance - Mineral sands revenue of $820 million, a 13% increase from 2014 - Mining Area C iron ore royalty EBIT of $61.6 million, an 8% decrease - Net earnings after tax of $53.5 million - Mineral sands EBITDA margin of 33% - Free cash flow of $155 million - Net cash of $6 million, compared with net debt of $59 million as at 31 December 2014 ■ Operational flexibility - Combined 2015 zircon, rutile and synthetic rutile production of 690 thousand tonnes, up 29% - Woornack, Rownack, Pirro operation, Murray Basin, Victoria – mining ceased as planned - Synthetic rutile kiln 2,Western Australia – successfully recommenced - Tutunup South mine, Western Australia – successfully reactivated as ilmenite feedsource for synthetic rutile kiln 2 - Virginia operation, USA idled at year end - Iluka's three mineral separation plants continued to operate at reduced utilisation rates - Suspension of mining and concentrating activities at Jacinth-Ambrosia from 16 April 2016, announced 16 February 2016 ■ Shareholder returns - Total dividend of 25 cents per share fully franked 6 cents interim dividend 19 cents final dividend, fully franked - Share price performance – 3.0% increase for the year vs 19.5% decrease for SP/ASX 200 Materials Index - 3 year total return of -32.0% vs SP/ASX 200 Materials Index of -33.7% ■ Mineral sands projects - Balranald, New South Wales – 1st stage definitive feasibility study near completion; Stage 2 commencing in 2016 - Cataby, Western Australia – definitive feasibility study completed - Sonoran, Eucla Basin – pre-feasibility study completed - Puttalam, Sri Lanka – scoping study completed; pre-feasibility study planned for 2016 - Hickory and Aurelian Springs, USA – studies suspended given idling of Virginia operation ■ Growth options - 28.8% interest in Metalysis – UK-based technology company seeking to commercialise titanium powder production - Phase 1 evaluation of largeTapira deposit, Brazil, in combination with Vale S.A. - Detailed evaluation, due diligence related to potential acquisition of Kenmare Resources Plc ILUKA REVIEW 2015 The Company Iluka Resources Location Perth, West Australia Type Mining Web Site www.iluka.com Employees 853 people in five countries The Iluka 2015 Review 6 Iluka maintains an investment in all of the main stages of the mineral sands process, from resource development through to delivery of customer benefits. It does this aligned to its principal objective – to create and deliver shareholder value,while conducting its operations to the highest standards in terms of governance,environmental, health and safety management and a commitment to the communities in which it operates. MINERAL SANDS VALUE CHAIN Mineral Sands Value Chain 66 ■ Focus on return on capital as proxy for return on shareholders’ equity ■ Pay as dividends a minimum of 40% of free cash flow, not required for investing or balance sheet activity ■ Distribute maximum practicable level of available franking credits ■ Maintain a strong, effective and efficient balance sheet ■ Investments assessed in terms of market supply/demand as well as financial characteristics ■ Resource identification, delineation and resource-reserve conversion focus Exploration – mineral sands ■ Consistent investment ■ Internal geological and geophysical expertise ■ Australian presence, expanding international activities Exploration – other minerals ■ Specialist team – initial focus on minerals on Iluka tenements ■ Farm in and farm out arrangements Innovation and technology ■ Commercialisation of non- conventional resources ■ New mining approaches – resource conversion potential; production efficiencies ■ Integrated mining and processing operations ■ Flex production in light of market demand ■ Mining, concentrating and processing experience across multiple ore bodies over 60 years ■ Land rehabilitation and environmental management – key considerations in mine planning/ operation ■ Capability to reactivate idled capacity (particularly synthetic rutile kilns) ■ Options at advanced evaluation - Balranald, Cataby, Hickory, Aurelian Springs ■ Earlier stage evaluation - Jacinth-Ambrosia satellite deposits; Puttalam (Sri Lanka) ■ Joint ventures -Tapira mineralisation (Brazil with Vale S.A.) ■ Adjacent investments - Metalysis Limited, UK 28.8% interest - Potentially disruptive new technology - Focus on titanium powder production from high grade feedstocks (rutile and synthetic rutile) Mergers and acquisitions ■ Assessment of mineral sands deposits/companies ■ Willingness to invest counter-cyclically where strategic rationale and financial merit exist MINING AND PROCESSING, ENVIRONMENTAL MANAGEMENT RESOURCE DEVELOPMENT MINERAL SANDS PROJECTS/GROWTH OPTIONS CAPITAL DISCIPLINE AND BALANCE SHEET MANAGEMENT ILUKA REVIEW 2015 7 Titanium metal, desalination plants, zirconia-nuclear medicine, zirconium metal, corrosion resistant coatings Golf clubs, tennis racquets, bicycle frames (titanium) Dental implants, hip and bone replacements, heart pacemakers, kidney dialysis Brake linings/pads, car parking sensors, automotive paint, catalytic converters, automotive electrics, rubber products Healthcare/medicine Automotive Sporting goods/recreation Aircraft/industry Ceramics, sanitary and toilet basins, glass, faucets for taps, cosmetics, pharmaceutical products, toothpaste, anti-perspirants, sunscreens Bathroom/lifestyle Mineral Sands Mobile phones, plastic, printer inks, paper, packaging Solar panels, electrical insulators, bricks/cement, fibre optics, exterior and interior paint, tiles/ anti-pollution coatings Roof/building/construction Home/office ILUKA REVIEW 2015 7 ■ Governance – highest standards with established codes, policies and practices ■ Integrating economic, environmental and social considerations into business practices ■ Ensuring safe and responsible conduct underpins everything the Company does ■ Environment – water, biodiversity, land rehabilitation and closure focus ■ Health and safety – occupational hygiene and health, safety, leadership and training ■ Communities – stakeholder engagement, Indigenous employment and training Wide range of quality products ■ 48 products, with different technical specifications ■ 18 specifications of zircon ■ Range ofTiO2 grade products ■ Product development focus People and product closer to customers ■ 14 global points of distribution ■ Logistics flexibility – small lot/ container/cargo ■ Marketing offices in 10 locations Dedicated product sales teams ■ TiO2 and zircon sales teams ■ Technical experts who understand customer businesses ■ Trading arm From everyday applications in the home and workplace, to medical, lifestyle and industrial applications, the unique properties of titanium dioxide and zircon are utilised in a vast and increasing array of products and applications. SUSTAINABLE DEVELOPMENT CUSTOMER BENEFIT FOCUS MINERAL SANDS – PART OF EVERYDAY LIFE 34 Reporting approach The Sustainability section of the Iluka Review details the Company’s sustainability approach, 2015 focus areas and performance relating to Iluka exploration activities, projects, operations, rehabilitation sites, facilities and offices globally. Iluka is seeking to progressively align its reporting with the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines G4, as they relate to its business, its key risks and the stakeholders with which the Company engages. In accordance with these guidelines, this section concentrates on those sustainability aspects of the business considered material for 2015. Report boundary and scope All of Iluka’s current operations, comprising mining, processing and rehabilitation activities are in Australia and the United States, both OECD (Organisation for Economic Co-operation and Development) member countries. Further information on these operations is provided on pages 22 to 23. Iluka also operates warehouse facilities, marketing offices, and conducts exploration in other jurisdictions, as shown on page 35. While some early stage activities are being undertaken in non-OECD countries, based on the current operating profile, sustainability aspects in OECD countries were assessed as most relevant. As the Company advances projects and examines growth opportunities in new locations through exploration, acquisitions, and joint ventures risk assessments are undertaken to identify location-specific issues and risks.This process is described in the new country entry process on page 39. SUSTAINABILITY Both a cultural and a systematic approach are adopted to ensure sustainability issues are identified, addressed and monitored and that legal obligations are met. ILUKA REVIEW 2015 35 Adelaide Melbourne Antwerp, Belgium Amsterdam, Netherlands Dubai US Rio de Janeiro Wilmington, North Carolina Newcastle, Delaware Nashville Raleigh Port Klang, Malaysia India Indonesia Sri Lanka Vietnam Europe Middle East Australian operations Perth Perth Basin Mining Area C Eucla Basin Murray Basin Castellon, Spain Nules, Spain Durban Singapore 137 3 1 1 3 2 1 4 763 2 China Qingdao / Huangdao, China Qingdao, China Shanghai, China Xiamen, China Zhenjiang, China Kazakhstan Legend Warehouse and small lot distribution facility Corporate, marketing, exploration offices In 2015 Iluka employed 917 people, with 900 of these working in Australia and the US. Governance and Risk Pages 37 to 39 Pages 40 to 43 Environment Pages 44 to 51 Our People Pages 52 to 57 Communities Pages 58 to 64 Code of conduct Bribery and corruption Sustainability governance Identifying and managing risk New country entry Emergency preparedness Safety Health and Safety performance Occupational health and hygiene Radiation Environmental incidents Biodiversity Land rehabilitation and closure Water use Waste management Energy efficiency and carbon emissions Diversity Talent management Employee volunteering Stakeholder engagement Grievance management Indigenous relations and cultural heritage Employment and economic contribution Partnering and community investment Materiality lluka employs a number of processes for identifying material sustainability aspects, including a review of current and emerging sustainability issues impacting the industry, risk assessments, peer benchmarking and stakeholder engagement. Aspects are prioritised according to their potential to impact the Company’s ability to achieve business objectives or are of material concern to stakeholders. The material sustainability aspects identified for 2015 are illustrated below. Further information on Iluka’s management approach and performance in these areas can be found in the following sections.
  13. 13. The Company Iluka Resources Location Perth, West Australia Type Mining Web Site www.iluka.com Employees 853 people in five countries THE CHALLENGE How investors research and make investment decisions is changing. The channels between companies and investors are changing. The new platform for engagement is digital – Iluka wanted to forge a deeper connection with stakeholders. THE SOLUTION The Iluka 2011 Review and Annual Report interactive website allows users to view both the 2011 Annual Report and Review documents on the web and devices. The user is presented with an interactive interface, drop down menus provide highlights from both documents as well as downloadable PDF’s. User selects an item from the navigation panel and the content loads smoothly into the viewer. Presented as a double page spread with the ability to click through pages. Other viewing functions are zoom tool and downloadable single pdf pages. Visit the site: www.iluka.com/annualreport2011 The Iluka Interactive 2011 Review and Annual Report
  14. 14. Actinogen Medical Investor Update The Company Actinogen Medical Location Sydney, Australia Type Medical Web Site www.actinogen.com.au THE CHALLENGE Actinogen Medical is a publicly listed (ASX: ACW) clinical-stage biotechnology company undertaking research in Alzheimer’s disease and other age-related neurodegenerative diseases. THE SOLUTION We developed a a refreshed layout for the company’s Investor Update newsletter - featuring a comprehensive ‘infographic diagram their Alzheimers treatment drug Xanarnem.
  15. 15. Linfox ‘Solutions’ Asia Pacific Magazine The Company Linfox Logistics Location Melbourne Australia Type Transport Logistics Web Site www.linfox.com THE CHALLENGE Linfox ‘Solutions Asia Pacific magazine • Design a new contemporary simple engaging content template layout style for ‘Solutions’ • Provide a Digital interactive online experience so staff and management can read anywhere at their own pace THE SOLUTION Creating a Responsive ‘User Experience’ We developed a ‘Responsive Agnostic design solution’– one piece of content that re contextualised to suit the device the viewer was using – Desktop, laptop, Tablet or Phone. Using the world’s best digital publishing platform – we transformed Solutions into engaging interactive experience. That work and look great across all digital platforms. Features included: • Interactive table of contents • Searchable content • single double pages, download and print buttons • Usage analytics • Online subscription • Optimised for smart phones and tablets • Branding and background customisation View Linfox Solutions online
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  23. 23. Iluka Quarterly Update From Mine Manager, Jamie McDonald As we start into the New Year, I hope all have had a safe, happy holiday, and all are just as keen and ready to kick start another new year. In starting, the end of 2014, Jacinth- Ambrosia (J-A) achieved a TRIFR rate of 2.43 against an overall corporate target of 4.41, J-A also performed and successfully completed cleaning of the water line that feeds the concentrator, the water line tracks along 32kms from Borefields to the actual mine site, execution without any incidents, a commended effort . Overall there has been a great effort from all in the operations as J-A. On our quarterly production report (31st December 2014) results showed an increase in Zircon and Rutile. We saw Zircon, Rutile and Synthetic Rutile (Z/R/SR), production at 535 thousand tonnes, compared with 2013 - 471 thousand tonnes. Sales volumes for 2014 increased 5 per cent to 616 thousand tonnes of (Z/R/SR); this resulted in softer global demand for Zircon and recovering demand for high grade titanium dioxide (Quarterly Production Report 31st Dec 14, ASX Release 2015). We look forward to rolling out our internal Training and Development framework, which has been developed Dave Wright. The new framework will be implemented in 2015; providing Iluka employees clear indications of their professional development and guidance in what career path they choose within the company. Iluka’s current annual reporting is underway, once completed we look forward in sharing with you our activities going into 2015, for any further information on quarterly production report, visit the website www.iluka.com From Superintendent – Environment, Rehabilitation and Community Relations, Nick Travers Currently J-A site, are updating the environmental approval program for Environmental Protection and Rehabilitation (PEPR). The PEPR provides an integrated approach to managing all stages in the life cycle of the mine, including its closure and completion. The update will capture key scientific learnings gained since operations commenced in 2009, consolidate minor variations to the current approval and enable improved project economic outcomes. Critically, the updated approval seeks to maintain and enhance compliance with approved lease conditions and environmental commitments for the operation. Iluka plans to submit the updated PEPR for government approval in Q1 2015. Update – Rehabilitation Tina Law Finishing up in 2014, we transferred mine tailings (waste) into “Cell 2” filling the complete pit by October 2014. After allowing the tailing to dry, the area is currently being reshaped using bull dozers. Final planning is also under review for a creek and dune, which will be returned to these areas, and later in this year, 2015 we will begin to return soil profiles. Rehabilitated areas that came to completion in 2013/14 are coming along well. With vegetation growth spreading across the area (see picture below), we witnessed during monitoring of vegetation, birds (pipits and thornbills) and lizards occupying the re-growth (see picture), which is a positive outlook Iluka Out and About 2014 – Community Events J-A Environmental Superintendent - Nick Travers Receiving the award by SA Minister for Resources Mr Tom Kousti. Environmental Excellence – Jacinth-Ambrosia (J-A) awarded the South Australia Premiers Award in 2014. Recognising J-A environmental management and rehabilitation programs, partnerhsips and research development to date. Science Alive – Adelaide Showground August 2014 Iluka set up an information booth at the Science Alive Expo in Adelaide, students across the CBD area came to the event, taking with them a new understanding of science and career pathways. Rehabilitation Specialist Joanne Lee, with students visitng the Science Alive Expo. Volunteer Iluka Community NewsWelcome to Iluka’s Community Newsletter, a quarterly publication which keeps you up-to-date with Iluka’s operations in and around the Far West Coast region www.iluka.com Ph: 8300 2000 Lara Taylor, Charles Coleman, Tyson Glover Bruce Zimmer, Adam Grogan May 2014 - Iluka Sponsored work uniforms for the young people working at “Bernadettes Place” (Café) Eyre Futures. 2014 - Yalata Sports Carnival Onsite medics Lara Taylor, Tyson Glover, Adam Grogan and Bruce Zimmer volunteered as on call medics at the Yalata Football Carnival. Charles Coleman (Day Crew Operator) also volunteered his time to umpire the matches on the day. September 2014 - Ceduna Area School Site Tour Indigenous Youth Leadership Program (IYLP) ‘Reconciliation Dinner’ May 2014 Leeroy Bilney, Iluka’s Community Relations Officer attended the Indigenous Youth Leadership Program (IYLP) ‘Reconciliation Dinner’ held at Westminster College. Leeroy caught up with some of the student (pictured above) recipients of the Far West Coast Aboriginal Scholarship Program. If you would like any further information about Iluka’s operations or public activities, please contact Community Relations Officer Leeroy Bilney on +61 (0)477 708 085 or leeroy.bilney@iluka.com Iluka Community NewsWelcome to Iluka’s Community News, where we keep you up-to-date with Iluka’s operations in Victoria and Southern New South Wales. Iluka in the Community Water flowing into Toolondo Water flowing into Toolondo Update from the Manager - Dan McGrath, Manager, Eastern Operations In June, Iluka submitted approval documents to the Environmental Protection Authority and Horsham Rural City Council for the continued regulated disposal of by-products from the company’s Hamilton MSP at a dedicated location at the former Douglas mine site. The State Government requires renewed approvals once the MSP stops processing concentrate sourced from Iluka’s WRP mine. This is anticipated to occur in mid 2016. This is the same practice the company has been undertaking for a decade, with no change in operating practice being sought. The company’s proposal has attracted vocal opposition from one particular landcare group. It should be noted that many of the unsubstantiated claims by this group are based on incorrect or misinterpreted information, with regulatory authorities consistently supporting Iluka’s practices at all of its Murray Basin sites. While Iluka respects the right of all stakeholders to express their views, the company believes it is important that discussion is conducted on an objective, factually supportable basis. Iluka also believes that any objective assessment of the facts and scrutiny of the company’s practices will demonstrate that its planned actions have and will continue to be undertaken in a responsible manner, with negligible environmental impact and in accordance with all necessary regulatory arrangements. In keeping with Iluka’s transparent approach, the company will supplement the statutory exhibition process by making all relevant information available to interested stakeholders, including through an onsite public information day. Further information on the Hamilton by- products disposal project can be found on the company’s website at http://www. iluka.com/company-overview/operations/ murray-basin-victoria-australia/douglas- by-products-disposal Serra Terra Over the Queen’s Birthday weekend in June the Iluka Igunas, a team of eight Iluka staff, joined the annual Serra Terra walking relay in the Grampians National Park. The relay raises funds for the Dunkeld Community Centre. Relay for Life Local Iluka employees, family members and friends joined together to participate in the 2015 Relay for Life in Hamilton on Friday 20 and Saturday 21 March. A team of 15 members walked in the 18 hour, overnight relay-style event and much fun was had by all. Support from the Iluka community was extremely generous with over $2,000 being raised through morning teas and BBQ’s onsite at Hamilton MSP. All money raised from Relay for Life is used by the Cancer Council to help fight against cancer. Murray to Moyne Two Iluka employees participated in annual M2M ride. Terry Cameron and Rob Grazziadelli (the Sprocket Rockets) rode 200 kms over the weekend in the bike relay which once again saw the Rockets raising much appreciated funds for the Mulleraterong Centre in Hamilton. Standing Tall Iluka have had a long association with the highly regarded Standing Tall program, which assists young people and the whole community, with the company providing funding of $10,000 in 2015 to support the program. Scott McQueen and Tom Blackwell continue to provide direction to the Committee of Management and a number of our people are directly involved with the mentoring program. Lake Toolondo In January 2015 Iluka reached an agreement with Victoria Recreational Fish and the State Government to donate 5,000 megalitres of unused water entitlement from Rocklands Reservoir to Lake Toolondo near Horsham. This water helped to maintain water levels for fish to survive through the summer. As reported in state wide media channels: Victorian PremierDanielAndrewssaid“We’vegotabalanced outcome - there’s about a $100,000 cost to the taxpayer involved in getting the water from where it is at the moment, but in terms of the water itself we haven’t had to pay any money for it. Iluka have effectively donated that water, an excess entitlement, back to the environment, back to recreational fishing.”
  24. 24. Iluka Resources BUSINESS FRAMEWORK CURRENT ORE RESERVE / MINERAL RESOURCE BASE FINANCIAL FOCUS n 10 year Ore Reserve cover n Resources ~ 6 times Ore Reserves n Resource phase predominantly chloride TiO2 n External resource “options” secured n Integrated mining and processing operations n Flex production in light of market demand n Capability to quickly reactivate idled capacity (particularly synthetic rutile kilns) n Geological/grade control, processing metallurgical strengths n Enhancing the returns generated from Iluka’s resource and production base as well as identifying and advancing new technologies. Objective Mineral sands company involved in exploration, project development, operations and marketing Create and deliver value for shareholders MINERAL SANDS OPERATIONS MINERAL SANDS FOCUS (INTERNAL) MINERAL SANDS GROWTH FOCUS MARKETING, MARKET DEVELOPMENT RESOURCES DEVELOPMENT Infrastructure and Approach n Direct customer sales arrangements n Technical buying decision – product quality, specifica- tions important n Dual sales / marketing team – zircon and titanium feedstocks n Multiple international warehouses, flexible logis- tics to meet customer needs  Market Analysis n In-country analysis n End sector demand analysis n Industry / technical evaluation capabilities - tile testing facility - annual zircon intensity study - competitor and inducement analysis Demand Growth n Detailed evaluation of China pigment sector capacity economics, supply trends, government policy n Implications: - opportunities to supply sulphate feedstocks to installed pigment capacity - high grade titanium dioxide opportunity to nascent chloride capacity n Metalysis - disruptive technology - potential positive for high grade demand n Zircon Industry Association - Iluka instrumental in establishing - zircon qualities/new end applications - zircon “branding” Project Evaluation and Development n Resource – reserve conversion n Sustaining / growth production n Gated approach to internal options n Dependent on portfolio optimisation n Market demand considerations n Capital efficiency focus Exploration  Mineral Sands n Internal expertise n Consistent commitment n Major Australian presence n Expanding international presence n Non Mineral Sands n Small, specialist team n Initial focus on commodities on Iluka mineral sands tenements n Selective targeting of other commodities Innovation and Technology Areas of focus: n Production efficiencies n New product development n Commercialisation of non-conventional resources n Technical input to resource development (e.g. Tapira), new technologies (e.g. Metalysis identification) ACQUISITION, MERGERS, JOINT VENTURES CAPITAL DISCIPLINES Mineral Sands n Assessment and economic analysis of all known mineral sands deposits n Clear criteria applied to evaluation: - scale, quality, margin characteristics - complementarity to Iluka portfolio - ‘market fit’ Examples: n Sri Lanka - large, scaleable sulphate ilmenite - staged approach n Tapira, Brazil (Vale JV) - large, scaleable chloride ilmenite feedstock - staged approach Other Minerals n Industry structure n Supply / demand market characteristics n Materiality of opportunity n Iluka ability to apply technical / marketing expertise Examples: n Metalysis - disruptive Ti powder / metal technology - potential high grade TiO2 demand influence (Iluka rutile) n Refer Briefing Paper 320 $47.1 billion by 2017 China has one of the world’s highest rates of smoking, with about 320 million people —a quarter of the world’s smokers. 7 in 10 non-smoking adults were exposed to second-hand smoke in a typical week. In China, chronic respiratory diseases are the second leading cause of death with tobacco smoking, air pollution and biomass fuel use being the major risk factors. The global market for respiratory drugs is estimated to be $47.1 billion by 2017. Asia is projected to make up 27.5% of that market ($13B). million smokers China: market relevance and market size ASIA $13B $13.3B $20.8B AMERICAS ROW 1:6 Tobacco related deaths worldwide are in China Consequences of smoking include cardiovascular disease, diabetes, cancer and chronic respiratory disease. Cardiovascular Diabetes Cancer Chronic Respiratory Data flow/Infographics
  25. 25. ■Remote Device Operation ■Remote Training ■Remote Service ■SW Updates ■User Training ■User Access Management PatientDataAssessment eyeCloudeyeConnect Specialist Review Panel Locations Locations Hospital Home Field Clinic Clinic Mobile Clinic Hospital Operator Operator Operator Patient Patient Patient Patient Data Management ■Data Storage ■Data Encryption ■Controlled Access ■SW Updates ■SW Maintenance ■Backup Data Patient Data Patient Data Doctor’s Recommendation Doctor’s Recommendation Ingeneus Telehealth Platform MobileQuality of Service Light bulbs, dishes, glasses, clock parts, food colouring, ceramic knives, pans Mobile phones, plastic, printer inks, paper, packaging Ceramics, sanitary and toilet basins, glass, faucets for taps, cosmetics, pharmacuetical products, toothpaste, anti perspirants, sunscreens Solar panels, electrical insulators, bricks/cement, fibre optics, exterior and interior paint, tiles/anti- pollution coatings Bathroom/lifestyleRoof/building/construction Home/office Kitchen/utilities Mineral Sands – part of everyday life A number of the applications of mineral sands products are shown in this section. From everyday applications in the home and workplace, to medical, lifestyle and industrial applications, the unique properties of titanium dioxide and zircon are utilised in a vast and increasing array of products and applications. Cover Image: Mineral sands products are used in an array of everyday use applications. The floor and wall tiles shown in the cover image contain zircon. Zircon contributes the whiteness and the abrasion and heat resistance that tiles provide. Ceramics are also the floor covering of choice in many developing economies. The paint coatings on the wall, the plastic of the stool and toilet seat use titanium dioxide in the form of pigment. Even the toothpaste contains inert and safe colouring derived from titanium dioxide. Demand for mineral sands products is linked to urbanisation, to increases in personal wealth and consumption of a range consumer goods. PART OF EVERYDAY LIFE ILUKA ANNUAL REPORT 2014 1 Titanium metal, desalination plants, zirconia-nuclear medicine, zirconium metal, corrosion resistant coatings Golf clubs, tennis racquets, bicycle frames (titanium) Dental implants, hip and bone replacements, heart pacemakers, kidney dialysis Brake linings/pads, car parking sensors, automotive paint, catalytic converters, automotive electrics, rubber products Healthcare/medicineAutomotive Sporting goods/recreation Aircraft/industry Data flow/Infographics
  26. 26. www.burrowsinteractive.com

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