The Sukha Balka mine (Kryvyi Rih, Dnipropetrovsk region), part of Alexander Yaroslavsky’s DCH group, has prepared two new blocks for iron ore extraction at the Yuvileina mine.
According to a report in the DCH Steel corporate newspaper on Thursday, block 34-40 of the Golovnyi deposit at a depth of 1,420 meters was commissioned in early September. It contains 124,700 tons of raw materials with an average iron content of 60.15%. These volumes will be sufficient for three months of operation.
“The block was commissioned on schedule, and the preparatory work was carried out efficiently in compliance with technological standards,” said Mykola Puntus, chief engineer of the Yuvileina mine.
The next production task for the Yubileinaya miners is to prepare production unit 65-69 from the Shurfa deposit at a depth of 1,340 meters with ore reserves of 34,000 tons. The average iron content in the deposit is 59.29%. Preparatory work was organized with the help of self-propelled equipment.
The new unit is scheduled to be commissioned by the end of September.
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 Yubileinaya 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.
The Sukha Balka mine (Kryvyi Rih, Dnipropetrovsk region), part of Alexander Yaroslavsky’s DCH group, has commissioned a new unit at the Yuvileina mine with total iron ore reserves of 35,600 tons.
According to a report in the DCH Steel corporate newspaper on Thursday, the new 116-122 unit from the Golovnyi deposit on the eighth sublevel at a depth of 1,420 meters at the Yuvileina mine was put into operation on July 9.
“The quality of ore raw materials in this production unit is high, with an average iron content of 58.53%. The block’s reserves are planned to be developed in two months,” said Deputy Chief Engineer Vasyl Lubynets, quoted by the publication.
It is also reported that miners have prepared modern self-propelled equipment for further development of the Druzhba deposit at a new horizon of -1227 m at the Frunze mine. To develop the new blocks, it is planned to use sets of self-propelled equipment: drilling machines, loaders, and dump trucks, which the company purchased for the development of new horizons.
For example, a multi-ton DRUK-20 dump truck was recently prepared, lowered into the mine, and assembled at the -1227 m horizon. This equipment has a load capacity of 20 tons and is designed for operation in narrow tunnels.
Two dump trucks will be used in production. The second one is scheduled to be lowered into the mine in August.
“The dump truck will be used in cutting, tunneling, preparing blocks for extraction, and transporting raw materials to the surface. The dump truck will transport the extracted ore from a depth of 1,227 m to a depth of 1,193 m to the unloading point for further processing,” explained Konstantin Gumenok, head of the production process organization and support department.
This method of transportation will increase the efficiency of production processes and allow ore to be brought to the surface without deepening the bunker complex. Similar technology has already gained popularity in global mining operations, but it will be used for the first time at the Kryvyi Rih deposit.
The Sukha Balka mine is one of the leading mining companies in Ukraine. It extracts iron ore underground. The mine includes the Yuvileina and Frunze mines.
The DCH Group acquired the mine from Evraz in May 2017.
Dnipro Metallurgical Plant (DMZ), a part of DCH Steel of businessman Aleksandr Yaroslavsky’s DCH Group, is upgrading equipment at Sukha Balka mine.
According to information in DCH Steel’s corporate newspaper on Thursday, the mine has updated the cage for the Yubileynaya mine. It is specified that the cage is ready for lowering and operation.
“Sukha Balka is the only enterprise in Ukraine that uses three-storey mine cages. Currently, Yubileynaya is preparing to replace the unique hoisting unit, the post says.
“The surfaces of the cage had to be well prepared, cleaned, blown out, and then primed and painted. We painted in two layers. We used special coatings – primer and enamel, which are used for surfaces exposed to aggressive environments. The coating, according to the manufacturer, should reliably protect the surface for about 10 years,” explained Maxim Kopeyka, chief mechanic of the mine.
The mine cage is currently in a disassembled state at the warehouse and is ready for transportation to the mine. The new cage is scheduled to be installed in July.
The Yubileynaya mine cage has a capacity of 15 tons and can accommodate 126 people. It has a service life of 5 years.
In addition, the rolling campaign is scheduled to start next week at Rolling Shop No. 2 at DMZ. The shop has prepared equipment for intensive work during the off-peak period.
DMZ specializes in the production of steel, cast iron, rolled products and rolled products, such as channels and angles, and special profiles for the machine building and mining industries.
On March 1, 2018, DCH Group signed an agreement to buy Dnipro Metallurgical Plant.
Source: https://www.dmz-petrovka.dp.ua
Businessman Oleksandr Yaroslavsky, together with other shareholders of Sukha Balka (Kryvyi Rih, Dnipropetrovsk region), which is part of the DCH group, have joined forces and acquired a controlling stake of 99.7%, presumably for the compulsory buyout of shares from minority shareholders through a squeeze-out procedure.
According to a report by the National Securities and Stock Market Commission (NSSMC) shareholder Artem Alexandrov (Kyiv), acting as an authorized representative of persons acting jointly, regarding the acquisition of a controlling stake in PJSC “Sukha Balka” taking into account the number of shares owned by their affiliates, directly acquired ownership of 834 million 927.002 thousand shares of the company, which is 99.706% of the company’s authorized capital.
It is specified that the shareholders act jointly on the basis of a joint activity agreement dated June 10, 2025.
According to Aleksandrov, as of June 10 of this year, he directly owns 15.2% of the shares, and a total of 15.217212% of the mine (including indirect ownership).
Yaroslavsky, who is a citizen of the United Kingdom, directly owns 77.4193% of the mine’s shares, and a total of 77.68895%.
Ukrainian citizen Alexander Chorny directly and collectively owns 2%, Motor Development Group LLC (beneficial owner Gennady Piontkovsky) – 4.7999%, PJSC Closed Non-Diversified Venture Corporate Investment Fund Smart Capital (beneficial owner Yaroslavsky) – 0.2868%.
The Sukha Balka mine is one of the leading mining companies in Ukraine. It extracts iron ore using underground methods. It includes the Yuvileina and Frunze mines.
In May 2017, the DCH Group acquired the mine from the Evraz Group.
According to the NDU for the first quarter of 2025, Yaroslavsky, who is designated as a non-resident of Ukraine (a citizen of Great Britain), directly owns 77.4193% of the mine’s shares, and Artem Alexandrov, a resident individual, owns 20%.
The authorized capital of Sukha Balka is UAH 41.869 million, with a share par value of UAH 0.05.
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.
