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IRC Subsidiary Buys Mining Excavator for USD 15.5 Million

PUBT·10/29/2026 14:03:27
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IRC Subsidiary Buys Mining Excavator for USD 15.5 Million
  • IRC's wholly owned subsidiary Kimkano-Sutarsky Mining and Beneficiation Plant agreed October 29, 2026, to acquire an EKG-20KM quarry excavator.
  • The subsidiary will assume Urgalugol's purchase obligations totaling approximately RUB 1.26 billion (USD 15.5 million), including tax.
  • Payment terms require approximately RUB 672.6 million to Urgalugol within 30 calendar days of signing.
  • The remaining purchase price is payable to IZ-KARTEX in 26 equal monthly installments of approximately RUB 22.5 million each.
  • The acquisition will expand in-house mining at Sutara, reducing reliance on external contractors.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IRC Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261029-12388641), on October 29, 2026, and is solely responsible for the information contained therein.