Brief: IRC Ltd Says In Q2, K&S Saw 3.3% Increase In Production Over Q1

IRC

29/07/2021 02:31

July 29 (Reuters) - IRC Ltd  1029.HK :
    * IN Q2, K&S SAW 3.3% INCREASE IN PRODUCTION OVER Q1
    * IN Q2, K&S SAW 4.7% REDUCTION IN SALES VOLUME OVER Q1
    * DURING Q2, 634,381 TONNES OF IRON ORE CONCENTRATE WERE
SOLD,
DOWN 4.7% OVER PREVIOUS QUARTER
    * FOR Q1 2022, ABOUT 20% OF K&S’S  EXPECTED PRODUCTION HAS
BEEN
HEDGED WITH PUT OPTIONS OF 62% IRON ORE INDEX AT ABOUT US$110
PER TONNE

Source text for Eikon:  ID:nHKS6wn91B 
Further company coverage:  1029.HK 

 ((Reuters.Briefs@thomsonreuters.com;))