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GISMETEO.RU
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Business    

Metinvest to invest UAH 5.7-bln in its mining assets in 2025, official says
Journal Staff Report

KYIV, March 17 – Central, Inhulets, and Northern Mining and Processing Plants of the Metinvest Group, which were consolidated into a single entity last year, will invest UAH 5.7 billion in their development in 2025. Additionally, they are set to launch a large-scale UAH 9 billion project focused on waste thickening and beneficiation.

At the Exporters' Summit 2025 in Kyiv, Metinvest's United Mining Plant Executive Director Ihor Tonev explained that the group's market for iron ore raw materials (IORM) in Ukraine has significantly shrunk following the loss of two major metallurgical plants in Mariupol – Illich Iron & Steel Works and Azovstal. Furthermore, the blockade of maritime routes disrupted exports to China.




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