The Sukha Balka mine (Kryvyi Rih, Dnipropetrovsk Oblast), part of Alexander Yaroslavsky’s DCH Group, has commissioned two new iron ore mining sections, which are scheduled to be developed throughout the spring.
According to information in the DCH Steel corporate newsletter on Thursday, for each production unit, the company’s specialists take into account the specific characteristics of the ore deposit and the mining-geological conditions. After analyzing the data, they apply technological solutions that ensure the most efficient extraction possible.
It is noted that on March 13, at the Yuvileina Mine, block 110-116 in the “Glavny” deposit was put into production on the seventh sub-level of the “minus” 1,420 m horizon. Given the characteristics of the ore body, the classic mining method using scraper winches was employed here. The block’s reserves are estimated at 37,200 tons, with an average iron content of 59.25%. The block’s reserves are expected to last for two months of operation.
In addition, it is reported that at the Frunze Mine, technological processes—from preparation to loading—are carried out using self-propelled machines. On March 19, Block 51-57 was commissioned here, located in the “Druzhba” deposit at a depth of “minus” 1,227 m. The block’s reserves amount to 48,200 tons of high-quality raw material (62.83%), which will be sufficient for three months of stable operation.
“A differentiated approach to technology selection—from the scraper method to the use of self-propelled equipment—allows for flexible operation in various mining conditions and maintains stable raw material quality,” the corporate publication notes.
Since the beginning of 2026, four new production units with a total reserve of 258,900 tons have been put into operation at the Sukha Balka mine. In particular, in March, Block 67-71 was commissioned at the Yuvileina Mine on the seventh sub-level of the “Shurfa” deposit at the “minus” 1,420 m level.
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 complex 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 prepared a new block of the Golovnyi iron ore deposit at the Yuvileina mine with reserves of 126,000 tons.
“Miners at the Yubileinaya mine have prepared a new block 30-34 for extraction, located at a depth of 1,420 meters on the first sublevel of the Golovnoy deposit. The block’s reserves amount to 126,000 tons of high-quality raw materials with an iron content of 58.75%,” the DCH Steel corporate newspaper reported on Thursday.
In addition, it is reported that the Sukha Balka mine and the Dniprovsky Metallurgical Plant (DMZ) paid almost UAH 650 million in taxes and fees to budgets of all levels in 2025. The mine transferred UAH 359.1 million to the consolidated budget. The largest share in the structure of payments was rent for the use of subsoil for the extraction of minerals – UAH 157.3 million. In addition, UAH 78.2 million was paid in single social contribution (SSC), UAH 69.1 million in personal income tax, UAH 20.5 million in land rent, and UAH 19.2 million in military tax, etc.
In 2025, DMZ contributed UAH 290.5 million to the state and local budgets. In particular, it paid UAH 103.5 million in land rent, UAH 68.1 million in SSC, UAH 64.5 million in personal income tax, UAH 30 million in value added tax, and UAH 17.9 million in military tax.
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, 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 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.
