IRC Limited together with its subsidiaries, the Group; Stock Code 1029) announced that it anticipates exceeding its 2013 iron ore production target. The annual target of 900,000 tonnes of iron ore is expected to be surpassed during the Q4 and the Company now anticipates an additional 9% production to 980,000 tonnes for the full year. Production of by product ilmenite continues to operate at expanded capacity and is expected to be close to previous guidance of 160,000 tonnes for 2013.

Mr Jay Hambro chairman of IRC said that ''IRC is proud of its track record and for the third consecutive year we are aiming to beat our own targets. Ongoing improvements in production rates and efficiencies at the Kuranakh Mine should enable us to beat our own forecasts by almost ten percent this year.''