PJSC “Ingulets Mining and Processing Plant” (Ingulets Mining and Processing Plant, Kryvyi Rih, Dnipropetrovsk Oblast), which is part of the Metinvest Group and is currently temporarily idle, allocated 3.4 million UAH in January–June of this year to preventive measures and programs aimed at improving safety, occupational health, and the work environment.
According to information on the implementation of the collective bargaining agreement for the first half of 2026, despite martial law and the temporary suspension of the production cycle, the main priorities of the joint efforts between management and the labor union remain the people—their safety, employment, timely payment of wages, and the preservation of social guarantees.
At the same time, it is noted that 19 planned comprehensive measures have been implemented. As a result, working conditions have been improved for 217 employees, and sanitary and living conditions have been improved for 48 employees. Over 1.7 million hryvnias were allocated to provide employees with personal protective equipment and work clothing.
Under martial law, certain provisions of the collective bargaining agreement are being partially implemented due to the lack of organizational and technical conditions necessary for the plant’s full-scale operations. However, specific obligations were fulfilled for those employees involved in maintaining the plant’s essential functions and ensuring the rapid resumption of the production cycle. Specifically, in the first half of 2026, the average monthly salary exceeded 17,000 UAH—a 30.4% increase compared to the first half of 2025.
As reported by Oleksandr Myronenko, Chief Operating Officer (COO) of the Metinvest Group, the Ingulets Mining and Processing Plant has been shut down since 2024—production there is uneconomical due to high electricity prices. The facility has been properly mothballed, and production can be resumed if market conditions are favorable.
Ingulets GOK specializes in the extraction and processing of ferruginous quartzites from the Ingulets deposit, located in the southern part of the Kryvyi Rih iron ore basin. It produces iron ore concentrate. The company’s production capacity is 14 million metric tons of iron ore concentrate per year.
Ingulets Iron Ore Mine is part of the Metinvest Group, whose major shareholders are PJSC “System Capital Management” (SCM, Donetsk, 71.24%) and the “Smart-Holding” group of companies (23.76%). The management company of the Metinvest Group is Metinvest Holding LLC.
