Ukraine's Metinvest is expected to double its investment in iron ore mining enterprises (GOKs) by 2025.

Published: Mar 6, 2025 19:24

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According to the information released on March 5, 2025, Metinvest investment company is expected to double its investment in iron ore mining enterprises (GOKs) in 2025, with a total amount reaching 5.7 billion Ukrainian hryvnias (approximately $137 million), focusing on energy self-sufficiency, production stability, and sustainable development. An investment of 1.3 billion hryvnias ($31 million) is planned for the construction of facilities at the Northern and Central iron ore mining enterprises. The Northern iron ore mining enterprise will launch a tailings treatment project with an investment of 1.4 billion hryvnias ($34 million). By optimizing the transportation of tailings to higher-level tailings storage facilities, the project is expected to significantly reduce energy consumption and improve resource utilization efficiency starting from 2026.

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