IRC is the largest iron ore mining operator exclusively in the Russian Far East. Our world-class expertise focuses on producing the high quality iron ore concentrate with long term customer relationship in China and Russia.
Danila Kotlyarov, CFO
Mr Danila Kotlyarov is the CFO & Executive Director. Mr Kotlyarov joined the Group in 2005 responsible over Russian & China operations, and was promoted to Deputy CEO in 2010 and redesignated as CFO in January 2016. Before joining IRC, he gained extensive financial management work experience in various international companies. He is a fellow member of the ACCA, CFA charter holder and has professional diploma in civil and industrial construction.
What is your rationale for attending 121 Mining Investment?
We are looking for investors who are interest in mining HK stocks. We have two production mines and two exploration projects. The improving of metals price is making the company to considering reopen one of the care and maintenance mine in Russia.
What recent news would you like to highlight to investors attending?
K&S – OPERATING AT 95% CAPACITY
GOOD IRON ORE PRICE ENVIRONMENT
What is the focus of your management team for the next 3, 6 and 12 months?
K&S 100% production capacity release
Amur River Bridge will complete, IRC transportation cost save up to US$5/t
Increase production capacity and look for M&A investors
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The key risk for IRC is the iron ore price and ramp-up progress to full capacity. The company is using hedging tools to overcome the iron ore price and tune up the production plant on track.
What do you think makes your company such a compelling investment?
IRC has 2 production projects that can generate cash with 2 exploration projects that can increase the profitability in the future.
Large flake distribution