Finance

Ferrexpo notes media reports its Ukraine unit faces accusations of illegal mining

Published by Global Banking & Finance Review

Posted on January 16, 2025

1 min read

· Last updated: January 27, 2026

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(Reuters) - Miner Ferrexpo said on Thursday it has noted media reports of accusations made by the prosecutor's office in Ukraine against four senior managers of its unit Ferrexpo Poltava Mining about

Ferrexpo's Ukraine Unit Accused of Illegal Mining Activities

(Reuters) - Miner Ferrexpo said on Thursday it has noted media reports of accusations made by the prosecutor's office in Ukraine against four senior managers of its unit Ferrexpo Poltava Mining about illegal mining and sale of waste products.

The group, one of the world's third-largest exporter of iron ore pellets, said its operations were unaffected by the legal case, while FPM was of the view the accusations were "without merit".

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Krishna Chandra Eluri)

Key Takeaways

  • Ferrexpo's Ukraine unit faces legal accusations.
  • Four senior managers are implicated.
  • The company claims the accusations lack merit.
  • Operations remain unaffected by the case.
  • Ferrexpo is a major iron ore pellet exporter.

Frequently Asked Questions

What is the main topic?
The article discusses accusations against Ferrexpo's Ukraine unit for illegal mining, which the company disputes.
What is Ferrexpo's response?
Ferrexpo states that the accusations are without merit and that their operations are unaffected.
Who are the accused parties?
Four senior managers of Ferrexpo Poltava Mining are accused.

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