The Central, Ingulets, and Northern Mining and Processing Plants (M&P) of Metinvest Mining and Metallurgical Group, transformed into United Mining and Processing Plant, paid UAH 3.8 billion in taxes in January-September 2025, which is 19.1% less than in the same period last year (UAH 4.7 billion).
According to the company’s press release, the largest deductions of the United Mining and Processing Complex for the first nine months of 2025 were subsoil use fees, unified social security contributions, and personal income tax. Land fees and military levies also accounted for a significant share of deductions.
“Since the start of the full-scale war, Metinvest’s mining and processing enterprises have remained among the largest taxpayers. We are working in new conditions, focusing on daily changes, but we are not giving up on our long-term prospects, because we are still committed to achieving all of our strategic goals. Metinvest continues to systematically support Kryvyi Rih and Ukraine, implementing the most important social and infrastructure projects in communities and helping the front,” said OGZK CEO Igor Tonev.
As reported, in the first nine months of 2025, OGZK’s total iron ore concentrate production decreased by 4% compared to the same period last year to 11.713 million tonnes, as operations at the Ingulets open pit were suspended in July 2024. This was partially offset by increased production at the Hannivskyi quarry. Production of commercial iron ore products remained almost unchanged on an annualized basis at 11.456 million tons, taking into account a 6% decline in iron ore concentrate production and a 9% increase in pellet production.
Ingulets GOK suspended operations in the summer of 2024.
The group’s mining and processing plants increased their tax payments 2.6 times to UAH 5.7 billion in 2024.
Earlier, Metinvest’s CFO Yulia Dankova, explaining the group’s financial performance, stated that the dynamics were not positive mainly due to the shutdown of production facilities, particularly in Pokrovsk.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine – in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions – as well as in the European Union, the United Kingdom, and the United States.
The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.
