Reported about 7 hours ago
Ferrexpo PLC, a London-listed iron ore producer, saw its shares decline by as much as 51% after a civil claim for 157 billion Ukrainian hryvnias ($3.8 billion) was filed against its subsidiary in Ukraine. The claim alleges illegal mining and selling of subsoil, causing environmental damage. Ferrexpo has denied the accusations and plans to defend its position in court, as it continues to face scrutiny over past waste product sales.
Source: YAHOO