Sukha Balka mine (Kryvyi Rih, Dnipropetrovs’k region), part of Aleksandr Yaroslavsky’s DCH Group, commissioned a new longwall at Yubileynaya mine in early May.
According to the DCH Steel corporate newspaper, on Thursday, May 8, miners of the 17th section carried out the first explosion in block 34-36, located on the 1st floor of the Gnezdo 1-2 deposit at a horizon of -1420 m. Ore reserves in the block amount to 244 thousand tons.
“Thanks to the high quality of ore, the mine operated steadily in May and ensured stable operations in June,” the company said in a statement.
It also specifies that self-propelled equipment, namely a DERUI loading and delivery machine, was used to perform the cutting operations.
“The mine employees made every effort to deliver the block on time and with a good grade. Thanks to this, Yubileynaya Mine can confidently work on ore production in the near future,” said Vladimir Moiseichenko, head of the mine’s production department.
It is also reported that in the first quarter of 2024, the mine increased the payment of taxes and fees to the budgets of all levels by 45% to UAH 81 million compared to the same period last year. At the same time, the rent for the use of subsoil for mining increased significantly, by almost 2.5 times to UAH 42.5 million. The amount of the unified social tax remained at the level of the first quarter of 2023 and amounted to UAH 16.4 million.
Sukha Balka mine is one of the leading mining companies in Ukraine. It produces iron ore by underground mining. It includes Yubileynaya and Frunze mines.
DCH Group acquired the mine from Evraz Group in May 2017.
According to the third quarter of 2023, Yaroslavsky, who is designated as a non-resident of Ukraine (British citizen – IF-U), directly owns 77.4193% of the mine’s shares, while resident individual Artem Aleksandrov owns 20%.
The authorized capital of Sukha Balka PrJSC is UAH 41.869 million, with a share par value of UAH 0.05.
