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IRC battles H1 losses

Russia-focused iron ore producer IRC lost US$25.2 million in the first half of 2019 despite increases in production, sales and revenue. However, the company hopes increased production and a refinancing will improve its fortunes.

IRC battles H1 losses IRC battles H1 losses IRC battles H1 losses IRC battles H1 losses IRC battles H1 losses

IRC will be hoping its increased production will help it to get back on track following a tough year.

"While we have a portfolio of undeveloped projects, at present, IRC is essentially a single product company and our financial performance is very dependent on the market iron ore price," said IRC

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