Kiwi firm with illegal arms trade link buys Ukrainian coalmine

A New Zealand-registered company with links to a company reportedly involved in illegal arms trading has become the majority owner of a massive coalmine in Ukraine.Magellan (NZ) Ltd has acquired 74.1% of the Belorechenskaysa Mine, snapping up 632 million

Liam Baldwin
Tue, 22 Jun 2010

A New Zealand-registered company with links to a company reportedly involved in illegal arms trading has become the majority owner of a massive coalmine in Ukraine.

Magellan (NZ) Ltd has acquired 74.1% of the Belorechenskaysa Mine, snapping up 632 million shares from Valentin-Invest, a coal supply

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