Category Archives: IRC Ltd

Russia: IRC iron ore concentrate output up in Q4 2019

IRC LtdBy admin 23.01.2020 Leave a comment

IRC Ltd, the iron ore division of Petropavlovsk Plc, which operates gold deposits in Russia, raised its iron ore concentrate output by 12.5% QoQ, to 695,431 tons, in October-December 2019, the company said in a statement January 23. In 2019, production rose by 15.3% YoY, to 2.576 million tons. Sales of iron ore concentrate went…

Russia: IRC Ltd net loss up in H1 2019

IRC LtdBy admin 30.08.2019 Leave a comment

The net loss of IRC Ltd, the iron ore division of Petropavlovsk Plc, which runs gold deposits in Russia, widened by 60% YoY, to $25.224 million, the company said in a statement. The loss adjusted for one-time expenditures and the exchange rate-related loss stood at $8.219 million. Revenue grew by 27%, to $89.244 million, and…