Iluka Cuts Sales Estimates

Iluka Resources Ltd ILKAF cut its full-year sales forecast. Iluka cut its 2012 zircon sales view to 200,000-300,000 metric tons, versus its earlier forecast of 400,000 tons. It also lowered its rutile sales forecast to 140,000-200,000 tons, versus around 225,000 tons. Iluka also lowered its synthetic rutile view to 170,000-220,000 tons, versus about 310,000 tons. Iluka Resources closed at $12.25 on Friday.