Petropavlovsk PLC - IRC: Q4 Trading UpdateRNS Number : 6704V
Petropavlovsk PLC
16 January 2013
16 January 2013
IRC: Q4 to 31 December 2012 Trading Update:
Kuranakh beats 2012 Production Targets for Second Consecutive Year
Petropavlovsk PLC ("Petropavlovsk") holds a majority stake in IRC Limited ("IRC"), the Groups former Non-Precious Metals Division prior to its listing on the Stock Exchange of Hong Kong Limited (stock code: 1029).
Petropavlovsk is pleased to confirm that IRC has issued today its Trading Update for the Fourth Quarter of 2012, to 31st December 2012.
Key Highlights:
n Iron ore production targets exceeded at Kuranakh Mine by 18%
n K&S Project construction and operations on track
n 2013 production targets set significantly higher at 900,000 tonnes for iron ore (10% increase year-on-year) and 160,000 tonnes for ilmenite (28% increase year-on-year)
The full announcement may be found on IRCs website, http://www.ircgroup.com.hk.
Enquiries
Petropavlovsk PLC
Alya Samokhvalova
Rachel Tuft
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+44 (0) 20 7201 8900
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College Hill
David Simonson
Matthew Tyler
Anca Spiridon
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+44 (0)20 7457 2020
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This information is provided by RNS
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