Metinvest has received an international award for securing financing for the Northern Iron Ore

Metinvest Group was named a winner of the international TXF Deals of the Year 2025 Awards in the Export Finance Commodity Trader category for securing a €23.6 million loan to finance an environmental project at Northern Iron Ore.

TXF Deals of the Year (Perfect 10) is a prestigious international award that annually recognises the most innovative and significant transactions in the field of export finance. It sets the gold standard for deals on this market.

The award is organised by TXF (Trade & Export Finance), a leading international media and intelligence platform specialising in trade, export and project finance markets.

The award recognises the ten best deals of the year across various categories, including regional (Europe, Asia, the Middle East and Latin America), sectoral (transport, renewable energy and infrastructure) and special categories (blended finance transactions, export credit agency-backed deals, and projects delivered within the sustainable development sphere).

The winners are determined through a combination of market participant voting and evaluation by the TXF editorial team. The awards ceremony will take place at the global TXF conference in June this year in Prague.

Metinvest secured the award for arranging a €23.6 million credit facility from Deutsche Bank, with a tenor of 11.5 years, backed by guarantees from Finnvera, the Finnish export credit agency. The proceeds will be used to finance the construction of a tailings thickening facility at Northern Iron Ore. As part of the project, the plant will procure equipment from the Finnish industrial manufacturer Metso Finland.

“This award is a recognition of the company’s resilience, the professionalism of its team, and its ability to move forward even under the extraordinarily challenging conditions of war. Despite the difficult circumstances, Metinvest continues to modernise  production and implement environmental projects, while securing international financing to support these efforts. Such projects not only reduce environmental impact but also lay the foundation for the recovery and sustainable development of Ukraine’s industrial sector after the war,” said Metinvest Group Chief Financial Officer Yuliia Dankova. 

As a reminder, Metinvest ranked among the top three in the “Sustainable Development Program Ranking” in Ukraine, according to the business publication The Page.