IRC is a producer and developer of industrial commodities with projects located in the Amur region, the EAO and north-eastern China. The IRC assets previously formed the Group’s Non-Precious Metals Division, having been amalgamated into the Group following the acquisition of Aricom plc in April 2009. In October 2010, the Group completed the listing of IRC Limited on the Stock Exchange of Hong Kong Limited, which raised proceeds of approximately US$240m, while retaining an interest of 65.6% in IRC.

IRC’s principal assets are the Kuranakh facility, which produces titanomagnetite concentrate and ilmenite concentrate, and K&S, which is an advanced stage construction project on schedule to commence production of iron ore concentrate in 2014. IRC projects are fully funded for their near term growth plans.

Further information on IRC may be found at www.ircgroup.com.hk