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Hong Kong-listed IRC says could reopen Russia iron-ore mine

Commodity company IRC on Wednesday said it was considering restarting its 1.1-million tonnes per year iron-ore mine in the far east of Russia, the latest sign of revival in a sector shaking a years-long downturn. “Following the positive price movements in 2017 and the recent stabilisation in the bulk commodity market, the board is considering restarting Kuranakh, including options of potential cooperation with other parties,” the Hong Kong-listed company said in a statement.