On September 11, 2020, Iluka Resource Limited has revealed details of its BHP iron ore mine royalty spin-off plan, saying it will liberate two fundamentally distinct businesses. The Company seeks to demerge its lucrative interest in Mining Area C in Western Australia's Pilbara region into a separately listed entity named Deterra Royalties. The Company chairman Greg Martin is urging shareholders to back the proposal, saying it is the best means to deliver value from the historically significant evolution of the Mining Area C province. In addition, the Company stated that the separation of these two businesses into two separate ASX listed companies has potential to unlock shareholder value over time.