[1] The company was incorporated on 4 June 2010 in Hong Kong as Thor Limited as an indirect wholly owned subsidiary of Petropavlovsk plc (LSE: POG).

General Nice Development Limited (俊安發展有限公司), another substantial shareholder of IRC, holds over 20% shares.

The rest of ex-"Petropavlovsk" stake (1,2%) has been bought "UCP" company of Ilya Sherbovich foundation.

[5] Kimkan & Sutara ("K&S") K&S, 100% owned by IRC, is located in the Jewish Autonomous Region (EAO) of the Russian Far East.

There is an option for a Phase II expansion to produce a total of 6.3 million tonnes of 65% iron ore concentrate per annum.