IRC Limited

IRC is growing fast to become a Sino-Russian champion in industrial commodities. The company explores, develops and operates mines in the Far East of Russia for delivery to customers in China and internationally. In 2011 the company achieved its targets, producing over 750,000 tonnes of iron ore and 52,000 tonnes of ilmenite concentrates from its first operation, the Kuranakh Mine. A second larger mine, K&S Project, will come on stream next year, with production forecast at 3.2 million tonnes per annum.

IRC’s success is due to a unique combination of geology and geography that enables the company to benefit from large ore reserves and the availability of world class mining and technical skills, rail, water, and power infrastructure to deliver its commodities across the Russian-Chinese border quicker and at a lower cost than the industry majors located in the southern hemisphere. Furthermore, as an operator in the Far East of Russia, IRC benefits from a near two decade long heritage from its parent company Petropavlovsk plc.

IRC is quoted on the Hong Kong Exchange with the code 1029.HK.

 
 
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