Executive Directors

  • Mr. Yury Makarov (Chief Executive Officer)

    • Mr. Makarov is the Chief Executive Officer and Executive Director. He began his career at NT Computers as an engineer, and later Commercial Director, with responsibility for sales, service and support. In 2002, he joined Aricom as COO and subsequently Petropavlovsk as the Group Head of Industrial Commodity Operations, before taking up his current role at IRC in 2010. Mr. Makarov is a qualified systems engineer with a MA in Avionics from the Moscow State Aircraft Technology Institute.

Non-Executive Director

  • Peter Charles Percival Hambro (Chairman of the Board)

    • Mr. Hambro is the Chairman, Non-Executive Director and Chairman of Nomination Committee of IRC and a director of XAU Resources Inc. (TSXV:GIG.P). He was an Executive Director and the Chairman of Petropavlovsk PLC for 23 years until June 2017. Mr. Hambro was a Director of a number of public companies listed on the London Stock Exchange from 1973 to 2017 and has spent more than 35 years in the metals business. He was the Deputy Managing Director of London-based bullion trader, Mocatta and Goldsmid Limited, and served on the Mocatta Group Executive Committee. He is the Chairman of Peter Hambro Limited and founded Peter Hambro Mining PLC, now renamed Petropavlovsk PLC, with Dr Pavel Maslovskiy. Mr. Hambro is also a Director of a number of unlisted family companies.

  • Mr. Danila Kotlyarov

    • Mr. Kotlyarov is the Non-Executive Director. Mr. Kotlyarov has been CFO of Petropavlovsk PLC since February 2020 when he resigned as CFO in IRC. Prior to Petropavlovsk PLC, Mr. Kotlyarov joined IRC in 2005 in charge of Russian and Chinese operations, and was appointed Deputy CEO in 2010 and re-appointed CFO in January 2016. Before joining IRC, he gained extensive experience in the field of financial management in various international companies. He holds a BA in Management from Moscow State University and a MA in International Economics from the Moscow State Institute for International Relations. He is a fellow member of the ACCA, a charter holder of the CFA, and holds a professional diploma in civil and industrial construction.

  • Mr. Patrick Chi Kin Cheng

    • Mr. Cheng is a director of an asset management company. He is a Certified Public Accountant of HKICPA and a fellow member of the Association of International Accountants. He has over 26 years of work experience in merger & acquisition, finance & accounting, banking, asset managements & funds operations in various industries including real estate developments, infrastructure developments, real estate investment trusts (REITS), securities investments and natural resources industries.

Independent Non-Executive Directors

  • Mr. Daniel Rochfort Bradshaw (Deputy Chairman of the Board)

    • Mr. Bradshaw is the Deputy Chairman, Senior Independent Non-Executive Director and Chairman of the Health, Safety and Environment Committee of IRC. A Hong Kong lawyer with a specialist shipping practice, he has worked for most of his career as a solicitor at Mayer Brown JSM. Mr. Bradshaw holds an LLB and LLM in Law. He is a Director of the Kadoorie Farm & Botanic Garden Corporation, an Independent Non-Executive Director of Pacific Basin Shipping Limited, an Independent Non-Executive Director of GasLog MLP, and a member of the Executive Council of the World Wide Fund for Nature Hong Kong.

  • Mr. Chuang-fei Li

    • Mr. Li is an Independent Non-Executive Director and Chairman of the Audit Committee. Mr. Li worked for Bank of China in London as the Deputy General Manager and the Chief Lending Officer with wide responsibilities, including investment and corporate banking, treasury and capital markets, financial institutions coverage, structured finance, aircraft and shipping finance, syndications, retail banking and auditing. Mr. Li is a past Fellow of the Asia Centre at Harvard University.

  • Mr. Jonathan Martin Smith

    • Mr. Smith is an Independent Non-Executive Director and Chairman of the Remuneration Committee. He is a partner of the specialist mining advisory firm Legacy Hill Capital. He was the founder of London based Smith’s Corporate Advisory, which he sold to UK stockbroker Westhouse Holdings in 2010, where he subsequently headed the mining practice. Prior to establishing his own firm, he worked at UBS, Credit Suisse and Williams de Broe. He is a graduate from the Royal Military Academy Sandhurst where he served as an officer in the Welsh Guards until 1982. In January 2019 he became an Independent Non-Executive Director and Chairman of the Audit Committee of VI Mining plc.

  • Mr. Simon Murray (CBE, Chevalier de la Légion d’honneur)

    • Mr. Murray is an Independent Non-Executive Director of IRC. Mr. Murray brings considerable Hong Kong and Asia based experience to the Board, from a career spanning Jardine Matheson, Hutchison Whampoa as the Group Managing Director, Executive Chairman, Asia Pacific of the Deutsche Bank Group and his current position as Chairman of GEMS Limited. Mr. Murray is currently the Non-Executive Director of China LNG Group Limited and Greenheart Group Limited, and the Independent Non-Executive Director of Wing Tai Properties and Spring Asset Management Limited (the manager of Spring REIT), all of which are listed in Hong Kong.

  • Mr. Raymond Kar Tung Woo

    • Mr. Woo, was redesignated as an Independent Non-Executive Director of IRC on 5 January 2018. Mr. Woo began his career at Arthur Andersen, then an investment banker at ING, CITIC Securities and Credit Suisse. He holds a Bachelor of Commerce from The University of New South Wales and is a member of the Australian Society of Certified Practising Accountants and a fellow of the HKICPA. He is currently the Independent Non-Executive Director of Yuanda China, Huaneng Renewables Corporation Limited and SMIT Holdings. Before being redesignated as Non-Executive Director on 25 March 2015 and then as Independent Non-Executive Director on 5 January 2018, he was the Executive Director, CFO and Company Secretary of IRC.

Senior Management

  • Dr Pavel Maslovskiy (Emeritus Director)

    • Dr Maslovskiy is the Co-Founder and CEO of Petropavlovsk PLC and a director of XAU Resources Inc. (TSXV:GIG.P). Prior to embarking on his business career, Dr Maslovskiy was a professor at the Moscow Aircraft Technology Institute, specialising in engineering applications of the theory of plasticity, teaching metallurgy and plasticity. Dr Maslovskiy was CEO of Petropavlovsk until December 2011 when he resigned from this role to accept the appointment as a Senator of the Federation Council of Russia (the Upper House of the Russian Parliament). Dr Maslovskiy resigned as a Senator in October 2014, returning to Petropavlovsk and his role as CEO. He resigned from this position in July 2017, being reappointed as a Director and CEO of Petropavlovsk at its AGM on 29 June 2018.