Business news from Ukraine

Sukha Balka Mine at Frunze Mine has commissioned new block

Sukhaya Balka mine (Kryvyi Rih, Dnipro region), part of Aleksandr Yaroslavsky’s DCH Group, has commissioned a new block with 45,000 tonnes of iron ore reserves at Frunze mine.

According to a report in DCH Steel’s corporate newspaper on Thursday, the new production unit involved modern self-propelled equipment such as drilling rigs and a loader. The use of the equipment in the production process will help reduce costs and increase efficiency.

It is specified that the block is located at the minus 1200 m horizon of the Druzhba deposit. Its reserves amount to 45 thousand tons of raw materials with a high iron content of 62.9%. Blocks 51-57 are being developed using self-propelled equipment.

The miners plan to develop the industrial unit by the end of the year.

As reported, the deposit at Frunze mine was developed by open pit mining. Frunze has been mined by open pit since 1885. The mine was built in 1962. The design ore quality is 61.88% iron content.

Sukha Balka mine is one of the leading mining companies in Ukraine. It produces iron ore by underground mining. The mine includes Yubileynaya and Frunze mines.

DCH Group acquired the mine from Evraz Group in May 2017.

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UKRAINE PROPOSES EUROPEAN COMMISSION TO COMPLETELY BLOCK TRANSPORT LINKS WITH RUSSIA AND BELARUS

The Ministry of Infrastructure of Ukraine has sent an official appeal to the European Commission with proposals to increase economic pressure on the Russian Federation and the Republic of Belarus.
“Despite the already introduced restrictive measures, Russian business finds workarounds and continues to conduct operations in other countries. Accordingly, the existing sanctions do not fully achieve their goal,” the ministry said on its website on Tuesday.
In this regard, the Infrastructure Ministry proposes to the European Union: completely block land and sea transport links with Russia and Belarus; block the possibility of transporting goods and people to Russia and Belarus through the territory of the European Union and across its borders; prohibit the provision of customs services for goods delivered to Russia and Belarus.
“In particular, these measures are necessary to stop the supply of dual-use goods to the aggressor country that can be used for military needs,” the ministry said.

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