RNS Number : 6704V
Petropavlovsk PLC
16 January 2013
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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 Group's 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 IRC's 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 |
+44 (0)20 7457 2020 |
This information is provided by RNS
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Petropavlovsk Plc.
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PRODUCER |
CODE : POG.L |
ISIN : GB0031544546 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Petropavlovsk is a gold producing company based in United kingdom. Petropavlovsk holds various exploration projects in Russia. Its main assets in production are POKROVSKIY RUDNIK, OMCHAK JOINT VENTURE and PIONEER ( RUSSIA) in Russia and its main exploration properties are MALOMIR and TOKUR in Russia. Petropavlovsk is listed in United Kingdom. Its market capitalisation is GBX 4.0 billions as of today (US$ 4.7 billions, € 4.7 billions). Its stock quote reached its highest recent level on December 26, 2008 at GBX 99.98, and its lowest recent point on March 11, 2022 at GBX 0.78. Petropavlovsk has 3 303 769 000 shares outstanding. |