Iron Ore

“We are looking at putting in place in a timely manner a revised funding timetable as quickly as possible," said Jay Hambro. Photo: Jonathan Wong

Iron ore miner IRC confident its investor will complete share purchase

IRC, a Hong Kong-listed iron ore miner in Russia's far east that supplies northeastern China's market, said it expects strategic shareholder General Nice Development to be able to complete its commitment to buy IRC's shares "in the not too distant future".