IRC Limited reported group production and sales results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company produced 265,187 tonnes of iron ore and 37,744 tonnes of ilmenite compared to 275921 tonnes of iron ore and 36,383 tonnes of ilmenite a year ago. sales for iron ore was 230,481 tonnes compared to 296,489 tonnes and ilmenite sales were 28,084 tonnes compared to 43,928 tonnes for the same period lat year.

For the full year, the company resulted in a 6.5% increase in iron ore production to a record 1,032,615 tonnes and a 20.3% increase in ilmenite production to 150,458 tonnes. Full year sales also reached, up 3.3% for iron ore to 1,012,433 tonnes compared to 980,543 tonnes and up 16.8% to 141,644 tonnes compared to 28,084 for ilmenite in the same period lat year.

The company production targets for 2014 are maintained at plant capacity levels of 900,000 tonnes of iron ore and the upgraded 160,000 tonnes of ilmenite. Whilst iron ore production exceeded this level during 2013, it is a consequence of the plant achieving above capacity, and therefore, it is considered prudent to set targets in-line with nameplate capacity.