Home / News / Ukraine / Eristovsky GOK Konstantin Zhivago was fined $ 30 million for self-seizure of about 160 hectares of land

Eristovsky GOK Konstantin Zhivago was fined $ 30 million for self-seizure of about 160 hectares of land

Ukraine

On these lands, the mining enterprise stored industrial waste, which, according to the State Environmental Inspection of Ukraine, contains the most dangerous substances that can penetrate into aquifers and spoil drinking water.

Eristovsky GOK Konstantin Zhivago was fined $ 30 million for self-seizure of about 160 hectares of land

Almost 800 million hryvnia of damage was brought by the State Ecological Inspectorate of Ukraine to Konstantin Zhivago's Eristovsky mining and processing plant of Ferrexpo for the unauthorized seizure of about 160 hectares of land in the Poltava region for the disposal of waste generated as a result of mining.

According to the Head of the State Ecological Inspection Andrei Malevanny, violations were discovered during a routine inspection of the enterprise.

“The plant did not have any documents of ownership of the site, as well as the decision of local authorities to transfer it into ownership or use. At present, the enterprise has suffered damage in the total amount of about 786 million hryvnia. If the plant does not pay for them voluntarily, the State Environmental Inspection will go to court, "he said.

At the same time, Malevany added that since the beginning of 2021, more than half of all violations in the field of waste management have been found at industrial facilities.

“This is the placement of garbage in designated areas, the lack of protection systems against pollution. At the same time, it is industrial waste that contains the most hazardous substances that can penetrate into aquifers and spoil drinking water, "the head of the department stated.

Ferrexpo is an iron ore company with assets in Ukraine. The main activity is the production and export of iron ore pellets used in steel production. Ferrexpo owns 100% of shares in Poltava GOK, 100% in Eristovsky GOK and 99.9% in Belanovsky GOK. Ferrexpo is listed on the LSE main floor.

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