Metinvest Group’s Central, Ingulets and Northern Mining and Processing Plants (MPPs), which were transformed into United Mining and Processing Plant (UMPP), paid UAH 5.7 billion in taxes in 2024.
According to the company’s press release on Wednesday, in 2023, YuGOK, Central GOK and InGOK transferred UAH 2.2 billion to the state and municipal budgets.
“Thus, mining and processing enterprises remain a reliable pillar of Ukraine even during the war,” the press service states.
It is specified that in 2024, the main source of budget revenues was the tax on the use of subsoil, which amounted to UAH 2.7 billion. A significant share of deductions is accounted for by a single social contribution (UAH 673 million) and personal income tax (UAH 595 million). The environmental tax and land fees also contribute to the state and local budgets.
“It is the mining and metals companies that are the largest taxpayers and support the Ukrainian economy despite the war and challenges. These funds are needed for the social sector – healthcare, education, and most importantly, they support Ukraine’s defense capability. Metinvest’s Kryvyi Rih GOKs also remain one of the main employers in the region, providing jobs for thousands of specialists, including veterans returning from the war,” said Igor Tonev, CEO of Metinvest’s United GOKs.
As a reminder, Metinvest Group, including its associates and joint ventures, increased its payment of taxes and fees to budgets of all levels by 36% in 2024 to UAH 19.8 billion compared to 2023.
As reported earlier, Metinvest has implemented a new model for the operation of its Kryvyi Rih mining and processing enterprises, bringing together mining and processing plants in Kryvyi Rih under a single management.
In 2023, the Group’s Kryvyi Rih enterprises paid a total of UAH 4.6 billion in taxes and fees to the budgets of all levels.
“Metinvest comprises mining and metallurgical enterprises located in Ukraine, Europe and the United States. Its major shareholders are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it.
Metinvest Holding LLC is the management company of Metinvest Group.
