Vitaliy Bash has been appointed a new general manager of Dneprovsky Iron and Steel Works, a part of DCH. He is also the director of the Sukhaya Balka mine and the managing company DCH Steel. The decision to appoint one person to manage three assets has to do with the need to provide for coordinated…
The operation of the Yubileynaya iron ore mine, a part of Sukhaya Balka, has been suspended because of smoke. The rescuers received information that smoke appeared at the depth of 1500 meters in the mine. 11 miners were working at the site. They have been safely taken to the surface. The supposed reason of the…
During underground work three people were injured at the Yubileynaya mine of Sukhaya Balka in Krivoy Rog.
The help of the rescuers was not needed, as the colleagues of the miners were able to repair the machinery and brought them to the surface.
All the three miners suffered from the electric shock. (Ukrainian metal)
From now on DCH Steel Management will manage the operation of both Sukhaya Balka and Dneprovsky Iron and Steel Works. Still, this is not enough to make a full vertically integrated mining and metallurgical group. Coal mining and ore processing are the group’s weak links. In 5 years DCH intends to invest $150-200 million in…
Sukhaya Balka and Duferco have concluded an agreement on the delivery of iron sinter ore valued at 2.5 billion UAH ($93 million). The shareholders of the company on April 11 have to approve of the contract concluded on January 9. The shareholders also have to prolong 4 contracts on ore delivery. The value of each…
Sukhaya Balka intends to borrow $30 million from the state Oschadbank and will also act as a guarantor on the similar loan of Dneprovsky Iron and Steel Works. These issues will be discussed at the annual shareholders meeting scheduled for April 11. The loan will be provided for 36 months with the interest rate of…
In 2018 Sukhaya Balka received 786.4 million UAH of net profit as opposed to 1.17 billion UAH of net loss in 2017. At the meeting scheduled for April 11, the shareholders will discuss the loan from Oschadbank of up to $30 million for 36 months with the interest rate of 23% in hryvnia, 10% in…
2 miners have perished at the Yubileynya mine of Sukhaya Balka.
The accident happened at 7 a.m. after a night shift at the depth of 1340 meters. The miners died of gas.
The bodies are still in the mine. The conditions of the accident are being determined. (Ukrainian metal)
In 2018 Sukhaya Balka increased iron ore output by 8.4% YoY, to 2.725 million tons.
In December 2018 the enterprise produced 238 thousand tons of ore.
In 2017 the output dropped by 2% YoY, to 2.513 million tons. (Ukrainian metal)
In January-October Sukhaya Balka increased iron ore output by 8.8% YoY, to 2.263 million tons. In October 225 thousand tons of ore were produced. On November 7, 2017 the Sukhaya Balka license to mine ore was prolonged for 20 years. In 2017 the enterprise decreased iron ore output by 2% YoY, to 2.513 million tons.…
In January-July Sukhaya Balka produced 1.564 million tons of iron ore, up by 15.7% YoY. In July output reached 243 thousand tons. The enterprise was prolonged the license to use subsoil for the next 20 years on November 7, 2017. Last year Sukhaya Balka increased iron ore output by 2% YoY, to 2.513 million tons.…
In Q1 DCH Group paid the last $15 million to Evraz from the amount on the deal to buy Sukhaya Balka plus $3 million of dividends. Evraz started the selling procedure in May 2017. The deal had to be closed by the end of the year, but as of December 1, 2017 Evraz had received…
In January-April Sukhaya Balka increased iron ore output by 24.6% YoY, to 836 thousand tons.
In particular, in April the mine produced 216 thousand tons of ore.
Sukhaya Balka was sold to DCH in May 2017. (Ukrainian metal)
In 2017 Sukhaya Balka increased net income by 28% YoY, to 4.383 billion UAH. Last year the company net loss grew 7.5-fold, to 1.173 billion UAH. Undistributed profit totaled 1.631 billion UAH. In 2017 Sukhaya Balka produced 2.513 million tons of iron ore, down by 2% YoY. Consolidated accounts receivable decreased by 79.7%, to 254.696…
In 2017 Sukhaya Balka received 1.174 billion UAH of losses, up 7.46-fold or by 1 billion UAH YoY. According to the company statement, its assets as of the end of 2017 totaled 2.454 billion UAH, current liabilities – 196.207 million UAH and the consolidated accounts receivable – 254.696 million UAH. On December 28, 2017 the…
The DCH Group of Alexander Yaroslavsky, owner of the Kharkiv Tractor Works, Sukhaya Balka and Dneporvsky Iron and Steel Works, intends to get a synergy effect of the cooperation of its three assets. “We will try to reach synergy, as DMZ produces metal, and KhTZ consumes a lot of metal. DMZ also consumes Sukhaya Balka…
In January Sukhaya Balka produced 218 thousand tons of iron ore, up by 2.8% MoM. Last January the works did not mine ore because of the absence of license. On November 7, 2017 the company license was prolonged for 20 years. In 2017 Sukhaya Balka produced 2.513 million tons of iron ore, down by 2%…
Ukrainian businessman and owner of DCH Group Oleksandr Yaroslavsky held talks with U.S. and Chinese investors in Davos on the possibility of co-financing Sukha Balka mining with banks. He bought Sukha Balka in May of 2017 from Evraz. The businessman noted the prospects of this enterprise and the intention to attract co-financing for the implementation…
The new shareholders of Evraz Sukhaya Balka, sold in May to DCH, at their meeting on December 27 made several decisions regarding the company. “The shareholders have decided to rename the company into Sukhaya Balka”, the company statement reports. The corresponding changes will be introduced to the state registries. The company annual output is over…
The city of Kriviy Rih was hit by an earthquake on July 29. It turned out that the earthquake was the result of explosion works at the Yubileynaya mine. Under the Soviet Union the mine was a part of the Mine Group named after the 20th Party Congress. Now it’s a part of Sukhaya Balka.…
Sukhaya Balka, sold in May to DCH, in January-June decreased iron ore output by 16.5% YoY, to 1.091 million tons.
In June the mine yielded 261 thousand tons of ore.
In 2016 the enterprise produced 2.654 million tons of iron ore, down by 8.8% YoY. (Ukrainian metal)