Iluka (ILU) was the worst performer on the ASX200 index this week (Loser of the week for week 39 of 2007). The mining resources company lost 63 cents or 10.244 percent closing the trading week at $5.52. The Australian dollar closed the week at a strong US$0.8826, gold closed at US$732.30. The Australian All Ordinaries closed at a high of 6580.9 after a strong week and the ASX100 index closed at 6567.8. Besides Iluka, another big ASX200 loser was Nufarm, losing 10.241 percent or $1.53 in value closing at $13.41. Read a previous stock recommendation for Iluka (ILU).

Iluka Resources Limited is listed on the Australian Stock Exchange (ASX) under stock code ILU. You can view their investor website here. ILU was listed on the ASX on 30 June, 1962. Ian C Mackenzie is the Chairman of Iluka and David Robb is the Managing Director. Iluka is engaged in the exploration, mining, concentration and separation of mineral sands, and the production of ilmenite, rutile, synthetic rutile and other titaniferous concentrates, zircon and coal. Iluka has a total of eight mining operations and six processing operations in Western Australia, Victoria, Queensland and the United States. Its interests include the Geraldton-Narngulu facility, and Eneabba and Gingin mines in the Mid West of Western Australia; the Capel facility, and Yoganup Extended, Yoganup West and Wagerup mining activities in the South West of Western Australia; the Douglas mineral sands project in the Murray Basin, Victoria; a 51.04% interest in Consolidated Rutile Limited, and a 50% interest in the Narama joint venture coal operation in the Hunter Valley, New South Wales, Australia. It also has interest in projects, such as Murray Basin Stage 2, located in Victoria/New South Wales, and Jacinth-Ambrosia, located in Eucla Basin, South Australia. Check your ILU charts and good luck with your share trading!