Sukhaya Balka mine (Krivoy Rog, Dnepropetrovsk region), which is part of DCH Group of Oleksandr Iaroslavskyi, produced almost 931 thousand tons of commercial ore by the end of 2023, said Vitaly Bash, General Director of DCH Steel of DCH Group, in his address to employees on the eve of the New Year, published in the corporate newspaper of DCH Steel on Thursday.
According to him, for the second year in a row there is a full-scale war in the country, and the company has to overcome wartime difficulties. For example, almost 1,000 employees of the group’s companies are now at the front, so the workforce is under constant strain.
“But despite the numerous crises – energy crisis, water shortage, lack of qualified personnel – DMZ and the Sukhaya Balka mine continue to work. At the mine, 2023 can be called the year of the most frugal use of resources: at the industrial sites we restored the equipment, continued the implementation of the program to modernize the equipment,” – stated the General Director.
At the same time, he reminded that in April the fleet of technological transport was replenished with four new loading and delivery machines with bucket size of 1 cubic meter and 0.6 cubic meter. Renewal of mine skips of the Yubileynaya mine is next in line.
“In September we resumed mining at the mine named after Frunze. Frunze, which was suspended due to constant shelling of the energy infrastructure in November 2022. The coordinated work of employees of all mine divisions contributed to the production of almost 931 thousand tons of commercial ore in 2023,” the CEO said.
The head of the company also said that production activities at DMZ have intensified: starting from spring, production at the coke and chemical site has increased. Rolling shops have been conducting campaigns for the whole year for the production of mine stand, mine rails, channels and angles from toll billets. Much attention was paid to repairs, which were mainly performed by our own forces. Also, the repair departments have successfully mastered the manufacture of parts and some spare parts for the DMZ and colleagues.
“I look forward to an improvement in the situation in the country and the mining and metallurgical industry so that the enterprises can work at full (utilization – IF-U),” Bash said.
In the company to the agency “Interfax-Ukraine” specified the volume of ore production by the mine “Sukhaya Balka” in 2022, as earlier this figure was not made public – 1.469 million tons.
DMZ specializes in the production of steel, pig iron, rolled steel and products from them. On March 1, 2018, DCH Group signed an agreement to purchase Dniprovsky Steel Works from Evraz.
Sukhaya Balka mine is one of the leading mining companies in Ukraine. It extracts iron ore by underground mining. The mine includes the Yubileynaya and Frunze mines. Frunze.
DCH Group acquired the mine from Evraz Group in May 2017.
Shareholders of Sukhaya Balka mine (Krivoy Rog, Dnipropetrovsk region), which is part of Oleksandr Iaroslavskyi’s DCH group, have allocated UAH 1 billion 4.865 million from retained earnings for 2008, 2010 and 2011 for dividends.
According to the minutes of the extraordinary meeting of shareholders held remotely on July 10, a copy of which is available to Interfax-Ukraine, the payment of dividends to shareholders of the company for 2008, 2010, 2011 is made at the rate of UAH 1.2 per common share, including: 0.24 UAH for 2008, 0.23 UAH for 2010 and 0.73 UAH for 2011.
It is specified that a part of net profit received by the company by results of activity in 2008 in the amount of UAH 200 mln 973.01 thou., from profit for 2010 – UAH 192 mln 599.14 thou., from profit for 2011 – UAH 611 mln 292.91 thou. will be directed to dividends.
Sukhaya Balka mine is one of the leading mining companies in Ukraine. It extracts iron ore by underground mining. The mine includes Yubileynaya and Frunze mines. Frunze.
DCH Group acquired the mine from Evraz Group in May 2017.
According to NDU data for the first quarter of 2023, Yaroslavskyi, who is designated as a non-resident of Ukraine (UK citizen – IF-U), directly owns 77.4193% of the mine’s shares, while resident individual Artem Alexandrov owns 20%.
The authorized capital of Sukhaya Balka PJSC is UAH 41.869 mln, the nominal value of a share is UAH 0.05.
Sukhaya Balka” mine (Krivoy Rog, Dnipropetrovsk region), which belongs to Alexander Yaroslavskyy`s DCH group, put into operation a new block 128-134 for iron ore extraction in March this year.
According to a corporate newspaper DCH Steel, the block was put into operation on March 6, the first explosion took place there on March 11, and on March 15 the first ore was “worked up”.
As it is specified, the working unit from “Golovny” deposits is located at a depth of minus 1420 meters. Lava thickness is about 130 thousand ores. Iron content is 61%.
The preparatory work to put the new longwall face into operation lasted 4.5 months. It is planned to mine the new block within four months.
The Sukhaya Balka mine is one of the leading enterprises of mining industry in Ukraine. It extracts iron ore by underground mining. The mine includes the Yubileynaya and Frunze mines. Frunze. DCH Group acquired the mine from Evraz Group in May 2017.
Sukhaya Balka mine (Krivoy Rog, Dnipropetrovsk region), which belongs to Alexander Yaroslavskyy DCH group, is going to increase production of iron ore and shipment of products by 30%, for which it switches to a three-shift from two-shift work mode.
According to the corporate newspaper DCH Steel, the company was forced to switch to a two-shift operation since April 2022 because of the war, destruction of supply chains and decreasing demand for the products.
At the same time, since last July the working week was 4 days, and since October – 3 days. In December, due to a significant decrease in electricity consumption and sales of commercial products it was decided to suspend the technological process at the Frunze mine. Frunze mine.
According to Igor Piltek, chief engineer of the mine, now there is a positive trend in sales of commercial products, so it was decided to increase production volumes by 30%.
“Since the beginning of the month the employees involved in the main technological processes have been restored to work in three shifts of seven working hours,” the director of human resources and social issues of the enterprise, Ivan Maly, was quoted by the newspaper as saying.
Sukhaya Balka is one of the leading mining companies in Ukraine. It mines iron ore using the underground method. The mine includes the Yubileynaya and Frunze mines. Frunze. DCH Group acquired the mine from Evraz Group in May 2017.
Sukhaya Balka mine (Krivoy Rog, Dnipropetrovsk region), which belongs to Oleksandr Iaroslavskyi’s DCH group, increased its net profit in 2021 by 3.62 times compared with the previous year – up to UAH 1 billion 326.460 million from UAH 366.802 million.
According to the official information of the company to the agenda of the annual meeting of shareholders, scheduled for December 22, which will be held remotely, the undistributed profits at the end of last year amounted to 3 billion 418.682 million UAH.
The shareholders intend to summarize the results of work in 2021, approve reports and approve significant transactions of the company.
The draft resolution proposes to use the profit to replenish working capital.
At the meeting, there will be considered staff issues: termination of the power of the current members of the Supervisory Board and the Audit Committee and election of new members.
As reported, the Sukhaya Balka mine in 2020 decreased its net profit by 59.7% compared to the previous year – to 366.802 million UAH from 909.636 million UAH.
DCH Group acquired the mine from Evraz Group in May 2017.
Sukhaya Balka mine is one of the leading mining companies in Ukraine. It mines iron ore using the underground method. The mine includes the Yubileynaya and Frunze mines. Frunze.
“Sukhaya Balka” specializes in the extraction and production of marketable iron ore, which includes sinter ore (iron content 56-60%) and blast furnace ore (47% – 50%).
According to the NDU for the fourth quarter of 2021, Yaroslavskyy, who is listed as a citizen of the United Kingdom and a non-resident of Ukraine, directly owns 77.4193% of the mine, and a resident individual, Artem Aleksandrov, owns 20%.
The charter capital of Sukhaya Balka is UAH 41.869m, and the par value of a share is UAH 0.05.
