The mining and metallurgy group "Metinvest" plans to invest nearly 5.7 billion UAH in the development of the Kryvyi Rih ore enrichment plants - Central, Ingulets, and Northern enrichment plants (GOKs), which have been transformed into the United GOK in 2025.
According to a press release, "Metinvest" will focus its investments in 2025 on the development of the Kryvyi Rih ore enrichment plants. The primary capital expenditures will be directed towards supporting key equipment, creating alternative energy sources, and establishing safe and comfortable workplaces. Compared to last year, the company has more than doubled its investment in iron ore assets.
The majority of the investments will be allocated for major repairs of the plants' equipment and facilities - over 1 billion UAH. Investment projects will be implemented here to ensure the stability of production processes, reliable transportation and key equipment operation, achieving quality production indicators to maintain competitive positions and reduce costs for producing iron ore raw materials. Funds are also planned for major repairs of mining transport, processing complexes, and energy equipment.
One of the priorities for the year is energy independence to minimize technological risks for enterprises during potential power outages. To this end, the construction of gas-piston power plants with a total capacity of about 20 MW and solar generation capacity of 23 MW is planned at the Northern and Central GOKs. A total of 1.3 billion UAH will be allocated for these projects.
"In 2025, the volume of capital investments in the Kryvyi Rih GOKs has increased, and, as in the previous year, the company's investment strategy is primarily focused on maintaining the operability of the enterprises. While the war continues, the implementation of large-scale investment projects for modernization and the creation of new production capacities in Ukraine is very limited. However, despite the challenging situation, the company continues to invest in development, adjusting expenditure items according to current needs and tasks. Thus, at the GOKs, the key investment focus for the year is directed not only at supporting facilities and the working equipment fleet but also at creating energy autonomy for mining enterprises," noted Dmitry Nepomnyashchy, the Director of Capital Construction and Investments for Metinvest's GOKs.
Additionally, in 2025, the active phase of implementing the strategic project for thickening enrichment waste at the Severniy GOK will begin - this large-scale project aims to ensure the transportation of thickened tailings to higher levels of the tailings storage after 2026. It will also help reduce energy costs. In 2025, it is planned to allocate 1.4 billion UAH for this initiative.
The program for improving the working environment remains relevant. This year, 70 million UAH will be directed towards creating better conditions at workplaces, particularly through major repairs of household premises in the administrative and household complexes of the plants' structural divisions.
As reported, "Metinvest" has implemented a new operational model for Kryvyi Rih mining enterprises, consolidating the ore enrichment plants under unified management.
"Metinvest" comprises mining and metallurgical enterprises located in Ukraine, Europe, and the USA. Its main shareholders are the "SKM" group (71.24%) and "Smart Holding" (23.76%), which jointly manage it.
LLC "Metinvest Holding" is the managing company of the "Metinvest" group.