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.
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.
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