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.
Sukha Balka mine (Kryvyi Rih, Dnipro region), part of Aleksandr Yaroslavsky’s DCH Group, commissioned two new iron ore production blocks at Yubileynaya and Frunze mines in October with total reserves of 170 thousand tons.
According to information in DCH Steel’s corporate newspaper on Thursday, at the beginning of this month, the company’s miners prepared and commissioned new production facilities.
At Frunze Mine, the company commissioned block 39-45 with reserves of 55 thousand tons of high-quality raw materials – the block was prepared by section 6, and tunneling operations were carried out using high-performance self-propelled equipment. At the beginning of October, the team of the No. 6 section started mining ore in this block.
Also in October, Yubileynaya Mine commissioned block 34-36 (+10) of the second floor of the Gnezdo deposit with reserves of 115 thousand tons. The block was prepared by the miners of the slicing section No. 19, and deep wells were drilled in this block by the miners of the section No. 9. Production will be carried out by the employees of the No. 17 section.
“The commissioning of these blocks will ensure the stable operation of the mines over the next three months,” the company said in a statement.
It was specified that 9 blocks were put into operation at the mine this year: six at Yubileynaya mine with total reserves of 880 thousand tons and three blocks with reserves of 140 thousand tons at Frunze mine.
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.
Sukha Balka mine (Kryvyi Rih, Dnipropetrovska oblast), part of Aleksandr Yaroslavskyi’s DCH group, intends to mine iron ore from the Druzhba deposit below the 1,210-meter horizon.
According to the documentation available to Interfax-Ukraine, the planned activity is to open and mine the rich ore reserves of the Druzhba deposit below the 1210-meter horizon at the horizon marks of the mine’s 1227, 1244, 1261 and 1275.
It was clarified that the reconstruction is being carried out to maintain the company’s capacity.
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.
In May 2017, DCH Group acquired a stake from Evraz Group.
The shareholders of Sukha Balka Mine (Kryvyi Rih, Dnipropetrovska oblast), a part of Aleksandr Yaroslavskyi’s DCH Group, intend to allocate part of the company’s retained earnings for 2007, 2008, 2012, 2020 and 2022 in the amount of UAH 1 billion 4.865 million to pay dividends.
According to the agenda of the extraordinary general meeting of shareholders to be held on July 12 remotely, part of the net profit for 2007 in the amount of UAH 74 million 527.49 thousand and part of the net profit for 2008 in the amount of UAH 131 million 469.85 thousand are to be allocated for dividends.
In addition, it is proposed to allocate part of the net profit for 2012 in the amount of UAH 77 million 877.04 thousand, part for 2020 – UAH 240 million 330.23 thousand and part for 2022 – UAH 480 million 660.45 thousand for dividends.
“To pay dividends to the company’s shareholders for 2007, 2008, 2012, 2020, 2022 at the rate of UAH 1.2 per ordinary share, in particular: 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,” the draft resolution of the meeting states.
As reported, in 2023, Sukha Balka PrJSC reduced its net profit by 2.7 times compared to 2022 – to UAH 114.837 million from UAH 487.878 million.
According to the results of 2022, Sukha Balka PrJSC decreased 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 an extraordinary meeting of shareholders of Sukha Balka on July 10, 2023 had already decided to allocate UAH 1 billion 4.865 million from retained earnings for 2008, 2010 and 2011 to pay 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 NDU for the first 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, and a 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.
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.
