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IRC Limited: Profitable Iron Ore Producer in Russia Close to Chinese Boarder

14:21 MIN 3.814

Interview at virtual Mines and Money London 2021 with Chairman Peter Hambre. IRC Limited operates a profitable iron ore mine in the very east of Russia, close to the border with China. This gives the company a major advantage, as transportation costs to customers in China are much lower. The company has further iron ore projects up its sleeve, but is currently focusing more on the existing mine, debt reduction and future dividend payments.