Iluka flags $150m impairment

Iluka will also record redundancy and restructure costs of $14 million in the half-year result.

Iluka Resources says plant maintenance will lead to a $150 million pre-tax impairment charge in its half-year accounts.

AGL can't make coal add up

AGL CEO Andy Vesey and other power bosses say the economics of investing in new coal plants don't add up compared with wind and solar power.