LONDON, Sept. 21 - British mining company Ferrexpo Plc with main assets in Ukraine will hold an emergency general meeting of its board of directors this week to draw up a recovery plan – and defense strategy – after the bank which was used by the company was declared insolvent, the Sunday Times has reported.

According to the sources of the newspaper, among the measures being discussed is the reduction of expenses and dividends, sale of shares in the company, and the attraction of an independent consultant to carry out restructuring.