Investment Case

A Clear strategy for Growth

IRC is a vertically integrated
producer of industrial
commodities, notably...

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Our Future K&S Full capacity to 3.2mt per year
Doubling production (Phase II)
Kuranakh Restart the mine
Garinskoye Trial production
2018 K&S Entry into refinancing facility with Gazprombank
Operated at 105% of designed capacity during
24-hour run
Full year produced over 2.2 million tonnes
2017 K&S Commercial production (Phase I)
90% capacity loading test
Full year produced over 1.5 million tonnes
2016 IRC Tiger Capital shares subscription
K&S Trial production commenced and ramp-up
First iron ore concentrate production
Final hot commissioning and testing
2015 IRC Completed fully underwritten Open Offer
K&S Ongoing commissioning and testing
2014 K&S Commissioning Programme commenced
2013 IRC General Nice + Minmetals Cheerglory Strategic Alliance
K&S Ongoing construction
2012 Kuranakh Ilmenite production full capacity
Garinskoye DSO operation announced
Exploration Ilmenite & Molybdenum
Exploration acquisitions
2011 IRC Group reserves increase threefold
Kuranakh Full year production targets exceeded
K&S First drawdown ICBC facility
Optimisation Study to double K&S production
2010 IRC HKEx listing
Kuranakh Commissioned
Iron ore production full capacity
K&S US$340m ICBC facility
US$400m CNEEC EPC contract
SRP First production