Metinvest is doubling its investment in iron ore assets and allocating a substantial amount of funds toward developing renewable energy.

In 2025, Metinvest Group plans to invest ₴5.7B ($135M) in the development of the Kryvyi Rih mining and processing plants. Compared to 2024, the company will increase its investment in iron ore assets by over 100%.

This year’s key priority is creating energy independence for its enterprises. To minimize the risks related to potential power outages, the Northern and Central Mining and Processing Plants intend to construct gas-fired power plants with a total capacity of around 20 MW, as well as solar generation systems with a capacity of 23 MW. Investment in these projects will total ₴1.3B ($31M).

Additionally, over ₴1B will be earmarked for refurbishing the plants’ equipment and infrastructure. Implementing these projects will guarantee the stability of production processes, the reliable operation of transport and other key equipment, and enhance product quality to maintain competitive positioning, while also contributing to reducing the cost of iron ore production. Funds have also been allocated for the modernization of mining, transport, and processing complexes, as well as energy equipment.