IRC Limited Reports Sales and Production Results for the Fourth Quarter Ended December 31, 2014; Provides Production Guidance for the Year 2015
For the year, the company reported iron ore sales of 1,027,772 tonnes against 1,012,433 tonnes for the same period a year ago. lmenite sales was 165,784 tonnes against 141,644 tonnes for the same period a year ago.
For the quarter, the company iron ore produced of 253,515 tonnes compared to 265,187 tonnes a year ago. Ilmenite produced was 46,076 tonnes compared to 37,744 tonnes a year ago.
For the year, the company iron ore produced of 1,010,360 tonnes compared to 1,032,615 tonnes a year ago. Ilmenite produced was 178,426 tonnes compared to 150,458 tonnes a year ago.
For the year 2015, IRC reiterates K&S production guidance of 1.7 million tonnes of iron ore concentrate in 2015, rising to 3.2 million tonnes per annum thereafter.