“The Ferrexpo Mining Company, whose shares are trading on the London Stock Exchange, reported that its Ukrainian Ferrexpo Poltava Mining (FPM) has become a civil claim for $ 157 billion ($ 3.77 billion).”, – WRITE: epravda.com.ua
The Ferrexpo Mining Company, whose shares are trading on the London Stock Exchange, reported that its Ukrainian Ferrexpo Poltava Mining (FPM) has become the subject of a civil claim for UAH 157 billion ($ 3.77 billion). Reuters writes about it. Against the background of this news, Ferrexpo fell by almost 21% and reached more than a two -month minimum of 81.9 pens. The report states that the reason is probably illegal mining and sales of production waste. Advertising: initially the company was accused of illegal waste sale, but now it is a violation in the extraction of subsoil, which, according to the plaintiffs, caused damage to the environment. The company has stated that FPM considers the claim unfounded and intends to resolutely defend its position in the courts. Despite the court case, the company’s activities are continuing. Recall: advertising: prosecutors of the Specialized Environmental Prosecutor’s Office have submitted to the court an indictment regarding the chairman of the board of Poltava GOK Victor Lotus and three other company managers.