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Petropavlovsk Russian mining company of the Group of Companies'in (Petropavlovsk), iron ore unit, IRC, Ltd., established within the framework of Russia's Amur region Kuranakh titanomagnetite and ilmenite project completes its processing facilities, the first test experiments. Concentrate production in 2010 is expected to provide 133,000 metric tons of the project.

Accordingly, the expected production for the year 2010 portion of the amount of 130,000 mt and 3,000 mt titanomanyetitt average concentrate grade of 62.2% portion of ilmenite concentrate grade will be 48.5% on average.

IRC, titanomagnetite is approaching full capacity and sales activities, as expected, $ 125 / mt, watches at the level reported.

IRC in 2011, from 800,000 to 830,000 mt, titanomagnetite concentrate and plans to produce 65,000 to 70,000 metric tons ilmenite concentrate.