In January-October Evraz Sukhaya Balka produced 2.08 million tons of iron ore, up by 7% YoY. In October the works yielded 233 thousand tons of ore. On November 7 Sukhaya Balka license to mine iron ore was prolonged for 20 years. In 2016 the company produced 2.564 million tons of ore, down by 8.8% YoY.…
The State Service of Geology and Subsoil has prolonged the special license to mine iron ore to Evraz Sukhaya Balka for 20 years, till November 7, 2037. The decision was taken on November 7. The granting of the license was the result of the Dniepropetrovsk district administrative court ruling, as well as the Supreme Administrative…
The Antimonopoly Committee of Ukraine has allowed Berklemond Investments Ltd (Cyprus), a part of DCH of the businessman Alexander Yaroslavsky, to acquire Kadish Limited (Cyprus), owner of Evraz Sukhaya Balka. Berklemond was granted the right to buy shares in the company, as the result it would exceed 50% of the votes in the company. Evraz…
In January-September Evraz Sukhaya Balka produced 1.847 million tons of iron ore, down by 5.1% YoY. In September output was 235 thousand tons. In 2016 the enterprise produced 2.564 million tons of iron ore, down by 8.8% YoY. The company capacity is 3.1 million tons of ore per year. (Ukrainian metal)
The Evraz Sukhaya Balka shareholders meeting scheduled for October 11 did not take place. According to the company statement, the meeting was postponed till November. This meeting had to rename the company and make amendments to its charter documents. (Ukrainian metal)
The State Service on Subsoil Use intends in the short-term to settle the problem with Evraz Sukhaya Balka. “The situation with the blocking of the operation resulted from the company previous allowances expiring in August 2016”, the service said. In 1996 Evraz Sukhaya Balka obtained two allowances to mine for iron ore for 20 years,…
On October 11, Evraz Sukhaya Balka will hold an extraordinary meeting of shareholders, at which it is planned to rename the company into Sukhaya Balka. “This year our enterprise turns 121. In the matter of renaming the company it was decided to retain the legendary name of Sukhaya Balka”, the company CEO Vitaly Bash commented.…
A rally of employees of the public joint-stock company Sukhaya Balka started near the building of the State Service for Geology and Deposits of Ukraine in Kyiv on September 19. The miners are demanding to implement the court ruling permitting the issue of deposit use permits, which the authority has not implemented due to unknown…
Evraz Sukhaya Balka reports of the pressure on the enterprise on behalf of companies making obstacles on its way to get licenses for subsoil use. According to the company, it started the process of prolonging the license for 20 years on February 1, 2016, as it would expire in August 2016. But within 60 days…
Evraz lost $556 million from selling Sukhaya Balka. According to the company statement, its consolidated losses from the currency exchange differences amounted to $586 million. The agreement to sell 99.42% of the GOK was concluded on June 1. The sum of the contract is $108 million to be paid by installments till December 31. The…
The supervisory board of Evraz Sukhaya Balka, recently bought by DCH group from Evraz, appointed Alexander Yaroslavsky its chairman. The election took place on August 2. Yaroslavsky has been appointed chairman until the next annual shareholders meeting. (Ukrainian metal)
The State Service of Geology and Subsoil has ordered to suspend operation at 2 Evraz Sukhaya Balka mines – Yubileynaya and named after Frunze. In 1996 the company received 2 special licenses to mine for iron ore for 20 years. They expired in September 2016. The new licenses could be given when the investigation on…
DCH, which has recently purchased Evraz Sukhaya Balka from Evraz, on the latest meeting of shareholders decided not to change the name of the enterprise, as was suggested earlier. “For a time being the name remains the same. But we still have plans to change it. But on another shareholders’ meeting”, a company representative reported.…
