IRC Limited (HKSE: 1029), listed on the Hong Kong Stock Exchange since 2010, is a fast growing industrial commodities producer. Located in the Russian Far East, just above North-Eastern China, IRC benefits from world-class mining expertise and infrastructure to produce and deliver high-quality iron ore to China in fast and reliable manner.

IRC is now at final stages of hot commissioning and ramping up of K&S, its flagship iron ore project to full capacity (3.2 million tonnes per annum). The Company enjoys tremendous competitive advantages:

1) Geology: K&S mine produces high-quality products (65% Fe) which are rewarded with a premium margin

2) Geography: At China’s doorstep, it delivers iron ore products with Trans-Siberian Railway in quick and reliable manner. The nearest delivery point to Chinese border from K&S is only 240km away and 3-5 days of transport. Potential to further benefit from closer Sino-Russian economic development brought by China’s Belt-and-Road initiatives.

3) Profitability: Low unit cash-cost. K&S is estimated to achieve low cash cost per tonne (including transport fee), to be $US34/t at full-capacity. Well-situated at the lower quartile of industry cost-curve.

With good corporate governance and reputation, IRC is a supplier of choice to customers in China and beyond.