Sukha Balka mine (Kryvyi Rih, Dnipro region), part of Aleksandr Yaroslavsky’s DCH group, plans to increase iron ore production in 2024.
According to a report in DCH Steel’s corporate newspaper on Thursday, the company’s iron ore production will be cut in 2023 due to the shutdown of the Frunze mine. Frunze mine in 2023, production decreased compared to 2022.
“However, the situation has improved since the second half of 2023, and in 2024 we plan to increase ore production and sales by 20%, as well as the volume of sinking and drilling operations. We have allocated funds for capital repairs, construction and purchase of new equipment. In particular, in March, it is planned to replace the mine osprey at Yubileynaya mine,” said Igor Piltek, chief engineer of the mine, as quoted in the publication.
According to the company, in 2023, the mine produced 941 thousand tons of commercial ore (1.469 million tons in 2022). The plan for 2024 is 1.134 million tons.
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.
