The mining and metallurgical group Metinvest, despite the challenges of wartime conditions, plans to allocate nearly UAH 5.7 billion in 2025 for the development of its Kryvyi Rih mining and processing plants and UAH 2.5 billion for production at the Kametstal plant (Kamianske, Dnipropetrovsk region). This was stated in the company’s press release, as reported by PromPolitInform.
According to Metinvest CEO Yuriy Ryzhenkov, this marks a record investment amount in recent years, with a significant portion to be directed toward maintaining the operational capacity of key equipment and technological processes to ensure stable output.
The group’s press release notes that its facilities in Mariupol and Avdiivka were damaged by enemy shelling, and the cities are currently occupied. In addition, due to changes along the front line, electricity shortages, and a deteriorating security environment, Metinvest recently suspended operations at the Pokrovsk Coal Group.
The group’s remaining assets in Kryvyi Rih, Zaporizhzhia, and Kamianske continue to operate at varying capacity levels, taking into account security, energy, logistics, and economic factors. The company emphasizes that employee safety remains a priority, and bomb shelters are available at all its facilities in Ukraine.
Ryzhenkov added that over three years of the full-scale invasion, the group has allocated UAH 8.4 billion to support Ukraine and its citizens, including UAH 4.4 billion for the Armed Forces under Rinat Akhmetov’s Steel Front military initiative.
“From the first day of the full-scale invasion and three years on, we continue to fight for Ukraine. Despite wartime challenges, Metinvest has not only endured but maintained its status as an export leader, a pillar of the state, and one of the largest donors to the Armed Forces. This has been possible thanks to the contribution of every Metinvest employee — both in Ukraine and abroad. We are united by a common goal: to bring victory closer by all available means. And after that — to become the foundation for post-war reconstruction,” Ryzhenkov said, as quoted by the company’s press service.
The company stressed that tax payments remain a crucial contribution to supporting Ukraine’s economy and frontline regions. Based on 2024 results, Metinvest is the largest taxpayer in Ukraine’s mining and metals sector.
In addition, the group has organized production for the military, is engaged in demining activities — including the manufacturing of mine-clearing plows — and has allocated resources for the procurement of equipment, ammunition, and machinery for the front line.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its facilities are primarily located in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions of Ukraine. The holding’s main shareholders are SCM (71.24%) and Smart Holding (23.76%), which jointly manage the company.
