Metinvest, Ukraine’s largest private company, plans to increase its capital expenditures this year by about 25% yoy, to $800-850 million,

Metinvest, Ukraine’s largest private company, plans to increase its capital expenditures this year by about 25% yoy, to $800-850 million, Oleksandr Lyubarev, corporate finance and treasury director, said Tuesday in an analyst call on the company’s 2020 results. Thanks to strong steel prices, the integrated mining and steel conglomerate starts this year with a cash pile of $826 million. Metinvest’s EBITDA in 2020 increased by 74% YoY to $1.8bln. While mining was little changed, at $1.1 billion, metals contributed an extra $900 million, compared to 2019.