IRC unit to pay US$15.5M for one excavator in novation deal

IRC Limited's Russian subsidiary, Kimkano-Sutarsky Mining and Beneficiation Plant LLC, entered into a Novation Agreement on October 29, 2026, to acquire a single EKG-20KM quarry excavator for approximately RUB1,258.0 million (about US$15.5 million). The deal involves assuming rights and obligations under a purchase agreement originally dated April 22, 2025.

“The company’s wholly-owned subsidiary, Kimkano-Sutarsky Mining and Beneficiation Plant LLC (the Buyer), entered into a Novation Agreement on 29 October 2026 after trading hours with IZ-KARTEX named after P.G. Korobkov Ltd (the Seller) and JSC Urgalugol (the Original Buyer).”minichart.com.sg

• 1 source
• minichart.com.sgIRC Unit to Pay US$15.5M for One Excavator in Novation Deal – MinichartOct 30, 2026

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