In 2025 Metinvest will invest in the development of Iron Ore plants in Kryvyi Rih. The main investments will be made to maintain key equipment, create alternative sources of electric power supply and create safe and comfortable workplaces. The company more than doubled its investments in iron ore assets compared to the previous year.
The largest part of the investment will be spent on overhauls of equipment and facilities at the plants – over UAH 1 billion. They will implement investment projects to ensure the stability of production processes, reliable operation of transport and key equipment, and to fulfil quality indicators of products in order to maintain competitive positions and reduce the cost of iron ore production. Funds are also planned for major overhauls of transport and processing complexes, and power equipment.
Energy independence is also one of the priorities for the year to minimise technological risks for the enterprises during possible power outages. For this reason, Northern and Central Iron Ore are planning to build gas engine generator plants with a total capacity of about 20 MW and solar generation with a capacity of 23 MW. A total of UAH 1.3 billion will be allocated for these projects.
Furthermore, in 2025, the active phase of the strategic project "Beneficiation waste thickening at Northern Iron Ore" begins. This large-scale project is aimed at ensuring the transportation of thickened tailings to higher levels of tailings dam after 2026. It will also reduce energy costs. In 2025, it is planned to invest UAH 1.4 billion.
In 2025, the volume of investments in Iron Ore plant in Kryvyi Rih will be increased, and, like last year, the company's investment strategy is focused primarily on maintaining the enterprises' operational efficiency. As the war continues, implementation of large-scale investment projects on modernization and building of new production facilities in Ukraine is very limited. However, despite the challenging situation, the company continues to invest in development, adjusting its expenditure items to meet the needs and challenges of the day. For example, at Iron Ore plant, the key investment focus of the year is not only to maintain facilities and the fleet of operating equipment, but also to create energy autonomy for mining enterprises.
— Dmytro NEPOMNIASHCHI, Metinvest's Iron Ore Director of Capital Construction and InvestmentsWorking conditions improvement programme also remains relevant. This year, UAH 70 million will be allocated to create workplace conditions, including major repairs of amenity facilities in the administrative and amenity complexes of the plants' structural units.
