Ukraine's Mentivest Group restarting operations of iron ore mines and processing plants

Ukraine's Mentivest Group is gradually restarting operations at its iron ore mines and processing plants. Mentivest owns three mining areas: the Northern, Central, and Ingulets mines. The Northern and Central mines have successively resumed production, with the Northern mine nearly restored to pre-war levels. However, the Central mine's production has yet to recover to pre-war levels due to energy price constraints and market conditions. Mentivest has plans to restart the Ingulets mine, but implementation requires stable conditions in domestic and overseas markets.

Mentivest's iron ore concentrates production was approximately 31 million mt/year before the war in 2021, but only about 15.7 million mt in 2024. In H1 2025, Metinvest's iron ore concentrates output fell 13% YoY to 7.72 million mt. Consequently, commercial production declined 8% YoY to 7.53 million mt, comprising iron ore concentrates (4.24 million mt, down 16% YoY) and pellets (3.29 million mt, up 3% YoY).