Executive Directors

  • Mr. Yury Makarov (Chief Executive Officer)

    • Mr Makarov is the Chief Executive Officer and Executive Director of IRC. 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 degree in avionics design and production from the Moscow State Aircraft Technology Institute.

  • Mr. Danila Kotlyarov

    • Mr Kotlyarov was the Chief Financial Officer of IRC and a director of several of the subsidiaries of the Group. Mr Kotlyarov joined the Group in 2005 responsible over Russian and Chinese operations, and was promoted to Deputy CEO in 2010 and re-designated as CFO in January 2016. Mr Kotlyarov worked for IRC until February 2020, when he joined Petropavlovsk PLC. He worked for Petropavlovsk as their CFO until January 2022, when he relinquished the position to become an advisor of Petropavovsk. Before joining IRC, he gained extensive financial management work experience 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 of International Relations. He is a fellow member of the ACCA, CFA charter holder and has a professional diploma in civil and industrial construction.

Non-Executive Directors

  • Mr. Peter Charles Percival Hambro (Chairman of the Board)

    • Mr Hambro is the Chairman of IRC and the Nomination Committee of IRC. He was an Executive Director and the Chairman of the board of directors of Petropavlovsk PLC, a company listed on the Main Market of the London Stock Exchange, for 23 years until June 2017. Mr Hambro was a director of a number of other public companies listed on the London Stock Exchange 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 XAU Resources Inc., a company whose shares are listed on the Toronto Ventures Exchange and a number of unlisted family companies.

  • Mr. Nikolai Valentinovich Levitskii

    • Mr Levitskii is the head of the representative office of Axiomi Consolidation Limited (“Axiomi”) and the general director of LLC “Investment company “Axioma”. Axiomi is the largest shareholder of the Company and is wholly-controlled by Mr Levitskii. Mr Levitskii has spent 30 years in the sectors of mining, oil and gas and banking in Russia. Mr Levitskii was the President and Co-Founder of JSC “Geotech Holding” from 2007 to 2016 and the General Director of CJSC “Mineral and chemical company “EuroChem” from 2001 to 2003. Mr Levitskii received a bachelor’s degree in Business Administration in Economic Sciences from the Voznesenski Leningrad Institute of Economics and Finance (renamed as Saint Petersburg State University of Economics and Finance).

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. He worked for most of his career as a solicitor and resigned from Mayer Brown in Hong Kong in March 2019. 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 GasLog MLP, and the Chairman of the World Wide Fund for Nature Hong Kong.

  • Mr. J.E. Martin Smith

    • Mr Martin Smith is an Independent Non-Executive Director and Chairman of the Remuneration Committee of IRC. He is also a Non-Executive Director of Mining Minerals and Metals PLC (MMMplc). He has stepped down as a partner of the specialist mining advisory firm Legacy Hill Capital to take up being Chief Executive Officer of Sumner Group Mining PLC (previously known as VI Mining PLC). He was the founder of London based Smith’s Corporate Advisory, which 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 recently served as a Temporary Independent Non-Executive Director of Petropavlovsk PLC for the months of July and August 2020.

  • Mr. Raymond Kar Tung Woo

    • Mr Woo was re-designated 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 an Independent Non- Executive Director of Yuanda China and SMIT Holdings. Before being re-designated 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.

  • Mr. Martin Joseph Davison

    • Mr Davison qualified as a barrister before becoming a corporate financier focusing on natural resources. He has extensive experience in corporate finance, debt and equity fundraising, initial public offerings and merger and acquisition mandates. Mr Davison is a founding Director of Tanjun Capital Limited, a provider of debt financing solutions to junior and mid-tier mining companies. He is also a Director of HPD Software Limited and Zambia Rare Earth and Phosphates Resources Limited. Mr Davison was an Independent Non-Executive Director of Sumner Group Mining PLC (previously known as VI Mining PLC). He was previously a Managing Director of Canaccord Genuity Limited, an investment banking and financial services company specialises in wealth management and brokerage in capital markets.

  • Mr Dmitry Vsevolodovich Dobryak

    • Mr Dobryak has 30 years of financial management, accounting, business development and administrative experience. His previous roles include CFO of Impulse M, a Moscow based start-up from 2019 to 2020 and CFO of Titan Automotive Solutions, an automotive communications solutions company in Belgium from 2020 to 2021. He is a US qualified certified public accountant, holds a BA in Foreign Trade and International Economics from the Moscow State Institute of International Relations in Russia and a Master of Business Administration from the Crummer Graduate School of Business at Rollins College in the United States.

Company Secretary

  • Mr Johnny Shiu Cheong Yuen

    • Mr Yuen is the Chief Financial Officer, Company Secretary and Authorised Representative of the Company. He served in various senior positions of IRC, and joined IRC in 2010 before the listing of the Company. He has been heading up the finance function of the Group since the beginning of 2020. Mr Yuen began his career in KPMG and has over 25 years of financial management, accounting, auditing and administration experience, including working in various senior positions of listed companies in Hong Kong. He is a fellow member of the HKICPA and the ACCA. He holds a MBA from the Manchester Business School of University of Manchester. He is an Independent Non-Executive Director of G-Vision International (Holding) Limited.