Sukha Balka PrJSC (Kryvyi Rih, Dnipro region), a member of Aleksandr Yaroslavsky’s DCH group, ended 2024 with a net loss of UAH 333.856 million, while in 2023 it posted a net profit of UAH 114.837 million.
According to the announcement of the general meeting of shareholders scheduled for April 17 in remote mode, it is expected that the loss in the amount of UAH 333.856 million will be covered by the retained earnings of the company.
The shareholders are to consider 7 agenda items, including the report of the Supervisory Board and the auditor for 2024 and adoption of the relevant decision, approval of the results of financial and economic activities for the specified period and approval of the procedure for covering the company’s losses.
It is also planned to hold elections of members of the supervisory board and amend the charter of the company by setting out and approving a new version.
As reported, in 2022, Sukhaya 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.
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 2024, 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, has commissioned a new block with iron ore reserves of 41.5 thousand tons.
As reported in DCH Steel’s corporate newspaper on Thursday, a new production unit was commissioned at the Frunze mine, which will ensure production in the coming months.
“On February 26, a new block 55-61 from the Druzhba deposit at the -1210-meter horizon was commissioned at the Frunze mine. The production capacity reserves amount to 41.5 thousand tons of high-quality raw materials with an iron content of 60% to 66%. Sinking and mining operations were carried out with the help of self-propelled equipment, while drilling was carried out using NKR machines. The extraction of raw materials is organized by a classic end-face production,” the information states.
The block’s reserves are planned to be developed in 2.5 months. Block 55-61 is the final block at the -1210 m horizon, and the next production units will be developed at lower horizons of the deposit.
It is also worth mentioning that in January, Yubileynaya Mine commissioned a new block with 135,000 tons of raw materials, which is planned to be developed within five months.
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. Frunze mine.
DCH Group acquired the mine from Evraz Group in May 2017.
Sukha Balka Mine (Kryvyi Rih, Dnipro region), part of Aleksandr Yaroslavsky’s DCH Group, has prepared a new production unit at Yubileynaya mine that will ensure that the company meets its targets over the next five months.
As Yubileynaya’s chief engineer Nikolay Puntus told DCH Steel’s corporate newspaper on Thursday, the unit 28-34 is located on the fifth floor of the Main seam at the minus 1420m horizon.
“There are not enough people, but the task was completed on schedule,” stated Puntus.
In addition, it is noted that representatives of the State Labor Service of Ukraine monitored the preparation of the block for operation, compliance with the requirements of laws and regulations on labor protection and subsoil legislation.
The block’s reserves amount to 135 thousand tons of crude ore with an iron content of 58.4%. Mining operations have already begun.
As reported, Sukha Balka mine produced 917 thousand tons of commercial ore in 2024, down 1.5% from 931 thousand tons in 2023. Plans for 2025 include the production of 850 thousand tons of commercial ore.
In 2023, Sukha Balka mine produced almost 931 thousand tons of commercial ore, compared to 1.469 million tons in 2022 (down 36.5%).
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. Frunze mine.
DCH Group acquired the mine from Evraz Group in May 2017.
Sukha Balka Mine (Kryvyi Rih, Dnipro region), part of Aleksandr Yaroslavsky’s DCH Group, has launched a project to build a solar power plant at Frunze Mine.
As reported in DCH Steel’s corporate newspaper on Thursday, due to a constant shortage of generating capacity and restrictions on electricity consumption, the mine’s management decided to build its own power generation facilities.
“In June of this year, we plan to commission a power plant that will use an alternative source and provide electricity to Frunze mine. The power plant will have a capacity of 2 MW. While the design of the plant and the purchase of equipment are underway, construction has already begun at the mine,” said Igor Piltek, Deputy General Director and Chief Engineer of the mine.
According to him, a site for the installation of solar panels measuring about two hectares has already been prepared, and the surface has been planned. To build the power plant, it is necessary to install 2,740 solar panels.
The solar power plant will operate autonomously. According to forecasts, the equipment should pay for itself in four years.
Earlier, the Chief Engineer reported that energy-efficient projects are being implemented at the mine, in particular, the construction of a 2 MW solar power plant has begun, which is scheduled to be commissioned in the second quarter of 2025.
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.
Dnipro Metallurgical Plant (DMZ), a part of DCH Steel of businessman Aleksandr Yaroslavsky’s DCH Group, paid UAH 498.9 million in taxes in 2024, down 24.1% from UAH 657 million in 2023.
According to DCH Steel’s corporate newspaper on Thursday, in 2024, DMZ paid UAH 196.7 million in value added tax, UAH 92.9 million in land rent, UAH 88.1 million in unified social tax, and UAH 77.3 million in personal income tax.
In addition, Sukha Balka mine (Kryvyi Rih, Dnipropetrovska oblast), which is also part of Aleksandr Yaroslavskyi’s DCH group, paid UAH 404.5 million in taxes. The most significant payments in the mine’s payment structure are rent for subsoil use – UAH 162.1 million, personal income tax – UAH 117.3 million, and unified social tax – UAH 76.1 million.
In 2024, DMZ and Sukha Balka mine paid a total of UAH 903.4 million in taxes and fees to the budgets of all levels.
As reported, in the first half of 2024, DMZ paid UAH 292 million in taxes, including UAH 129 million in VAT, UAH 28 million in income tax, UAH 43 million in unified social tax, UAH 38 million in personal income tax and UAH 54 million in other taxes.
The total amount of taxes paid by Sukha Balka Mine in this period amounted to UAH 167 million. In particular, it includes rent for the use of subsoil for the extraction of minerals (iron ore) – UAH 80 million, unified social tax – UAH 37 million, personal income tax – UAH 34 million, and other taxes – UAH 16 million.
In 2023, DMZ paid more than UAH 657 million in taxes, up 64% compared to 2022. In the structure of payments to the budgets of all levels, the largest amount of value added tax was UAH 277.5 million.
Income tax amounted to UAH 122 million, and unified social tax, rent and other contributions amounted to UAH 257 million.
DMZ specializes in the production of steel, cast iron, rolled products and products made from them. On March 1, 2018, DCH Group signed an agreement to buy DMZ from Evraz.
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.
In 2024, Sukha Balka mine (Kryvyi Rih, Dnipro region), a part of Aleksandr Yaroslavsky’s DCH Group, produced 917 thousand tonnes of commercial ore, down 1.5% from 931 thousand tonnes in 2023.
As Igor Piltek, Deputy General Director and Chief Engineer of the mine, said in an interview with the DCH Steel corporate newspaper on Thursday, crude ore production in 2024 amounted to one million tons, the volume of rock mass was about 7688 cubic meters, cutting operations amounted to 4,986 thousand meters, and well drilling amounted to 92,937 thousand meters.
Plans for 2025 include the extraction of 930 thousand tons of raw ore, 850 thousand tons of commercial ore, excavation of 8000 cubic meters of rock mass, 5200 meters of cutting operations, 91,773 thousand meters of drilling.
The Chief Engineer stated that in 2024, the company allocated UAH 43 million for equipment renewal.
According to him, the mine is implementing energy efficiency projects. At the same time, at the end of last year, the construction of a 2 MW solar power plant began at the Frunze mine, which is planned to be commissioned in the second quarter of 2025.
As reported, Sukha Balka mine produced almost 931 thousand tons of commercial ore in 2023, while in 2022 it produced 1.469 million tons (down 36.5%).
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.
