Metinvest secures EUR23.6M ECA loan for Ukrainian iron ore project

Metinvest B.V. has secured an 11.5-year buyer credit facility of EUR23.6 million for its subsidiary Northern Iron Ore, covered by Finland’s export credit agency Finnvera, with Deutsche Bank as sole arranger and lender.

• The loan will finance equipment purchase from Metso Finland to thicken enrichment waste at Northern Iron Ore, located in Kryvyi Rih, Ukraine.
• This is Metinvest’s first ECA-covered loan since the full-scale invasion, reflecting commitment to long-term investment, operational capacity preservation, workforce support, and environmental sustainability despite security challenges.