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

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

    Published by Global Banking and Finance Review

    Posted on January 16, 2025

    1 min read

    Last updated: January 27, 2026

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    Quick Summary

    Ferrexpo's Ukraine unit is accused of illegal mining, but operations continue unaffected. The company disputes the claims, calling them without merit.

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

    1What is the main topic?

    The article discusses accusations against Ferrexpo's Ukraine unit for illegal mining, which the company disputes.

    2What is Ferrexpo's response?

    Ferrexpo states that the accusations are without merit and that their operations are unaffected.

    3Who are the accused parties?

    Four senior managers of Ferrexpo Poltava Mining are accused.

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