RE: More worrying news7 Feb 2023 10:14
On 8 February 2022, Ferrexpo Poltava Mining (FPM) received a tax audit report, which claims the underpayment of iron ore royalty payments during the period from April 2017 to June 2021 in the amount of approximately UAH1,042,000 thousand (approximately US$38,200 thousand as at 31 December 2021). The Group provided its objections to the claims made in the tax audit report and it was expected that this case will ultimately be heard by the courts in Ukraine in due course.