The Sukha Balka mine (Kryvyi Rih, Dnipropetrovsk region), part of Alexander Yaroslavsky’s DCH group, is commissioning a new iron ore deposit block, Golovnyi, at the Yuvileina mine.
According to a report in the DCH Steel corporate newspaper on Thursday, preparations for the new production capacity at the mine have been completed.
It is specified that in early November, a specialized commission consisting of leading specialists of the enterprise and representatives of the State Labor Service of Ukraine signed an act on the commissioning of mining block 13-17. It is located in the Golovnoy deposit at a depth of 1,420 meters, sub-level 3A.
The block’s projected reserves amount to 221,300 tons of ore with an iron content of 60.75%.
“This is a large block that we have been preparing for production for almost a year, and its reserves will be enough for six months of stable operation of the enterprise,” said Mykola Puntus, chief engineer of the Yuvileina mine.
It is also reported that at the Tsentralna mine, the drainage pond at the -1260 m and -1340 m levels has been repaired. The diameter of the new pipeline between these underground levels is 325 mm. The Tsentralna mine is part of the Yuvileina mine. A drainage pond is a hydraulic engineering structure designed to collect water and is a critical part of the mine drainage system.
The Sukha Balka mine is one of the leading enterprises in the mining industry in Ukraine. It extracts iron ore using underground mining methods. The mine includes the Yuvileina and Frunze mines.
The DCH Group acquired the mine from the Evraz Group in May 2017.
DCH, Mine, ORE, SUKHA BALKA, Yuvileina
The Sukha Balka mine (Kryvyi Rih, Dnipropetrovsk region), part of Alexander Yaroslavsky’s DCH group, increased its net loss by 39.2% in January-September of this year compared to the same period last year, from UAH 218.898 million to UAH 304.774 million.
According to the interim report, net income for the reporting period increased by 1.5%, to UAH 1 billion 870.388 million from UAH 1 billion 843.096 million.
Undistributed profit at the end of September 2025 amounted to UAH 1 billion 791.218 million.
Production volumes in Q3 2025 amounted to 208.2 thousand tons of commercial ore, in Q2 2025 – 228.3 thousand tons, and in Q1 2025 – 203.2 thousand tons. At the same time, production volumes in Q3 2024 amounted to 217.3 thousand tons of marketable ore, in Q2 2024 – 268.2 thousand tons, and in Q1 2024 – 179.2 thousand tons.
In total, for the first nine months of 2025, commercial iron ore production amounted to 639.7 thousand tons, which is 3.8% less than for the first nine months of 2024 (664.7 thousand tons).
According to the annual report, the mine ended 2024 with a net loss of UAH 333.856 million and net income of UAH 2 billion 320.449 million, while at the end of 2023, it received a net profit of UAH 114.837 million with an income of UAH 2 billion 923.317 million.
In July 2024, the company decided to pay dividends to its shareholders for 2007, 2008, 2012, 2020, and 2022 at a rate of UAH 1.2 per ordinary share, including: UAH 0.089 for 2007; UAH 0.157 for 2008; UAH 0.093 for 2012; UAH 0.287 for 2020; UAH 0.574 for 2022. Also, in 2024, the amount of accrued dividends amounted to UAH 1 billion 4.865 million (UAH 1.2 per share), and the amount of dividends paid/transferred amounted to UAH 541 million 569.772 thousand.
In 2024, commercial iron ore production volumes decreased by 3% compared to 2023, to 917 thousand tons due to a shortage of personnel in connection with the mobilization of miners into the ranks of the Armed Forces of Ukraine, as well as due to the unscheduled shutdown of the Yuvileina mine for the repair of the skip hoisting installation in August 2024. At the same time, the Yubileinaya mine produced 766,600 tons (a 15% decrease compared to 2023) and the Frunze mine produced 150,500 tons (a 2.6-fold increase).
Over the past year, about 12 new blocks with a total capacity of about 1,198,100 tons of raw materials were developed.
The average number of employees at Sukha Balka PJSC in 2024 was 1,330, and the average monthly salary in 2024 was $522, which is 7.7% higher than in 2023 (in hryvnia equivalent, the salary level in 2024 increased by 18.2% compared to 2023, with a lower percentage increase in USD due to a 9.8% increase in the exchange rate from an average of 36.58 UAH/USD in 2023 to 40.16 UAH/USD in 2024). The main reason for the growth in the level of wages in 2024 was the indexation of tariffs and salaries of employees from March 1, 2024.
During 2024, self-propelled equipment was introduced for various works and ore mining at the Yuvileina mine. The use of self-propelled equipment in tunneling work also continues, and the fleet of equipment is growing. The use of self-propelled equipment in tunneling, cutting, and mining work has significantly increased the pace of work and improved productivity.
At the Frunze mine, all investment projects were suspended in 2024 due to the military aggression of the Russian Federation and emergency power cuts to consumers, but a large-scale investment project is planned, which will allow the mine to continue operating until 2037 and extract additional volumes of ore. The essence of the project is to use inclined workings to deepen the mine from the existing horizon of 1,135 m to 1,500 m and to apply modern technologies for unmanned loading and delivery of rock mass.
In 2025, it is planned to continue the implementation of projects started in 2021-2022, including the use of self-propelled equipment at both mines of the enterprise. In 2025, it is planned to continue research on the development of technology for the production of products with a minimum content of 65%-70% Fe. Specifically, this involves conducting research on the enrichment of iron ores and magnetite quartzites using dry and wet enrichment technologies.
As reported, PJSC “Sukha Balka” reduced its net profit by 2.7 times compared to 2021, to UAH 487.878 million from UAH 1 billion 326.460 million, according to the results of 2022.
The Sukha Balka mine is one of the leading enterprises in the mining industry in Ukraine. It extracts iron ore using underground methods. It consists of two mines with underground crushing complexes and surface crushing and sorting complexes: the Yuvileina mine (capacity of 2.4 million tons per year) and the Frunze mine (capacity of 1.170 million tons per year). Frunze Mine (capacity 1.170 million tons per year)
The DCH Group acquired the mine from the Evraz Group in May 2017.
According to the NDU for the second quarter of 2024, Yaroslavsky, who is designated as a non-resident of Ukraine (a citizen of Great Britain – IF-U), directly owns 77.41% of the mine’s shares, and Artem Alexandrov, a resident individual, owns 15.2% (at the end of 2024, he owned 19.9999% of the shares).
The authorized capital of Sukha Balka PJSC is UAH 41.869 million, with a share par value of UAH 0.05.
The Sukha Balka mine (Kryvyi Rih, Dnipropetrovsk region), part of Alexander Yaroslavsky’s DCH group, has started work on a new horizon of the Druzhba iron ore deposit at the Frunze mine.
According to a report in the DCH Steel corporate newspaper on Thursday, work on the block began on October 16.
It is specified that block 45-51 is located in the sub-levels of horizons -1210m and -1227m of the Druzhba deposit. It is noted that this is the first block of the new horizon to be developed using modern technology.
The block’s reserves amount to about 49,000 tons of high-quality raw materials. The average iron content is 61.22%.
It is expected that the block’s reserves will be sufficient for three months of stable operation.
The Sukha Balka mine is one of the leading enterprises in the mining industry in Ukraine. It extracts iron ore using underground methods. The mine includes the Yuvileina and Frunze mines.
The DCH Group acquired the mine from the Evraz Group in May 2017.
The Sukha Balka mine (Kryvyi Rih, Dnipropetrovsk region), part of Alexander Yaroslavsky’s DCH group, has installed a new mine cage at the Yuvileina mine, manufactured by specialists from PJSC Dniprovsky Metallurgical Plant (DMZ).
According to the DCH Steel corporate newspaper, the repair work lasted from August 4 to August 31. Much of this time was spent on preparation: the surface of the cage was carefully treated with a protective coating and painted to extend its service life in aggressive underground conditions. According to the manufacturer’s specifications, the coating should reliably protect the surface for about 10 years. Only after this stage did the miners begin the actual replacement of the equipment.
“We installed the base of the cage in the mine shaft at the zero mark, and then installed the second and third floors in turn, connecting the frame. After that, we attached the other trailer equipment. After the cage was installed, electricians connected the electrical equipment, and specialists from the energy laboratory checked its quality and gave permission for use,” explained Maxim Kopeyka, chief mechanic of the Yubileinaya mine, as quoted by the publication.
As reported, last year, the DMZ’s specialized metallurgical equipment repair shop manufactured lifting equipment for the Yuvileina mine. The mine cage has three floors, weighs 15 tons, and can carry 126 miners at a time.
It is also reported that in September-October, railway workers will repair three turnouts at the Zakhidna station at DMZ. Scheduled repairs of the turnouts will ensure the safety of railway transport when transporting billets for rolling shop No. 2 and finished rolled metal products to consumers.
DMZ specializes in the production of steel, cast iron, rolled products, and products made from them, such as channels and angles, special profiles for mechanical engineering and the mining industry. On March 1, 2018, the DCH Group signed an agreement to purchase the Dnipro Metallurgical Plant.
The Sukha Balka mine is one of the leading enterprises in the mining industry in Ukraine. It extracts iron ore using underground methods. The mine includes the Yuvileina and Frunze mines. In May 2017, the DCH Group acquired the mine from the Evraz Group.
In 2023, Sukha Balka Mine (Kryvyi Rih, Dnipro region), a part of Aleksandr Yaroslavsky’s DCH Group, reduced its net profit by 2.7 times compared to 2022, to UAH 114.837 million from UAH 487.878 million.
According to the agenda of the company’s general meeting of shareholders, which will be held remotely on April 18 and end on April 30 this year, the shareholders intend to approve the reports and allocate the net profit for 2023 to replenish working capital.
In addition, the shareholders intend to amend the charter and other internal documents, in particular, to cancel a number of provisions, as well as to terminate the powers of the current members of the Supervisory Board and elect new ones. To liquidate the audit committee as a management body, to consider the report of the audit entity (independent auditor) and to approve measures based on the results of its consideration.
It is also planned to approve significant transactions, in particular, agreements on the provision of repayable financial assistance concluded between the mine and Development Construction Machinery Holding LLC in 2023-2024 for a total amount of UAH 1.150 billion excluding VAT.
As reported, in 2022, Sukha Balka PrJSC reduced its net profit by 2.7 times compared to 2021 – to UAH 487.878 million from UAH 1 billion 326.460 million.
It was also reported that by the decision of the extraordinary meeting of shareholders of Sukha Balka PJSC on July 10, 2023, UAH 1 billion 4.865 million from retained earnings for 2008, 2010 and 2011 was allocated for dividends.
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. Frunze mine.
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.
Sukha Balka mine (Kryvyi Rih, Dnipro region), part of Aleksandr Yaroslavsky’s DCH group, commissioned two longwalls for iron ore production in February.
According to a report in DCH Steel’s corporate newspaper on Thursday, miners at Yubileynaya Mine commissioned two new blocks that will ensure the company’s operation in the near future.
According to the approved plans for 2024, the commissioning of new facilities at Yubileynaya mine in February, two blocks were put into operation – 36-42, 3rd floor of the Gnezdo deposit and block 1-4 of the Main deposit at the 1420m horizon.
The total reserves of the two blocks amount to 332 thousand tons of ore.
Blocks 36-42 have already started producing crude ore, and mining in blocks 1-4, which contain about 220 thousand tons of ore, will begin next week.
The commissioning of the two blocks will ensure stable ore production at Yubileynaya mine for six months.
DMZ specializes in the production of steel, pig iron, rolled products and products made from them. On March 1, 2018, DCH Group signed an agreement to buy Dnipro Metallurgical Plant from Evraz.
Sukha Balka mine is one of the leading mining companies in Ukraine. It produces iron ore using an underground method. The mine includes Yubileynaya and Frunze mines. Frunze mine.
DCH Group acquired the mine from Evraz Group in May 2017.
