In 2025, Metinvest Mining and Metallurgical Group will invest almost UAH 5.7 billion in the development of its Kryvyi Rih mining and processing plants – Central, Ingulets and Northern mining and processing plants (MPPs), which were transformed into United Mining and Processing Plant (UMPP).
According to the press release, Metinvest will invest in the development of Kryvyi Rih mining and processing plants in 2025. The main investments will be aimed at maintaining key equipment, creating alternative sources of electricity and creating safe and comfortable workplaces. The company more than doubled its investments in iron ore assets compared to last year.
The largest part of the investments will be allocated for major repairs of equipment and facilities of the plants – more than UAH 1 billion. Investment projects are being implemented here to ensure the stability of production processes, reliable operation of transport and key equipment, and the fulfillment of product quality indicators to maintain competitive positions and reduce the cost of iron ore production. Funds are also planned for major overhauls of mining and processing equipment and power equipment.
Energy independence is also one of the priorities for the year to minimize technological risks for enterprises in the event of possible power outages. To this end, Northern and Central GOKs are planning to build gas reciprocating power plants with a total capacity of about 20 MW and solar generation with a capacity of 23 MW. A total of UAH 1.3 billion will be allocated for these projects.
“In 2025, the volume of investments in Kryvyi Rih GOKs will be increased, and like last year, the company’s investment strategy is focused primarily on maintaining the enterprises’ performance. As the war continues, the implementation of large-scale investment projects to modernize and build new production facilities in Ukraine is very limited. However, despite the difficult situation, the company continues to invest in development, adjusting its expenditure items to meet the needs and challenges of the day. For example, at GOKs, the key investment focus of the year is not only to maintain facilities and the fleet of operating equipment, but also to create energy autonomy for mining enterprises,” said Dmitry Nepomnyashchy, Director of Capital Construction and Investments at Metinvest GOKs.
In addition, in 2025, the active phase of the strategic project for the thickening of beneficiation waste at Pivdennyi GOK begins – this large-scale project is aimed at ensuring the transportation of thickened tailings to higher tailings storage levels after 2026. Additionally, it will reduce energy costs. In 2025, the company plans to spend UAH 1.4 billion.
The program to improve working conditions also remains relevant. This year, UAH 70 million will be allocated to create workplace conditions, including major repairs of amenity facilities in the administrative and amenity complexes of the plants’ structural units.
As reported earlier, Metinvest has implemented a new model for its Kryvyi Rih mining and processing facilities, bringing together its mining and processing plants in Kryvyi Rih under a single management.
“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.
