Sukha Balka has commissioned a new block at the Yuvileyna mine. The volume of the block is 73 thousand tons. The new block is situated at the depth of 1420 meters in unstable rock. This required special anchoring. Operation of the mine was resumed in April, when the lack of experienced personnel was overcome. (Ukrainian…
Sukha Balka has commissioned a new production unit at the Yubileyna mine. The new block 122-128 is situated at the depth of 1420 meters. The block reserves amount to 166 thousand tons. Average iron content totals 58.88%. The block will be in development until the end of the year. (Ukrainian metal)
In April-June, Sukha Balka increased iron ore output by 42% QoQ, to 260 thousand tons, and raw ore by 32%, to 300 thousand tons. Rock excavation went up by 51%. The increase was due to the growth of working hours. While at the beginning of the year the company operated with a decreased working hours,…
The shareholders of Sukha Balka have approved paying dividends of more than 1 billion UAH from the undistributed profit for 2008, 2010 and 2011. The decision was taken at the extraordinary meeting of shareholders held on July 10. In particular, to pay dividends the enterprise will spend a part of its net profit received in…
Shareholders of Sukha Balka intend to spend 1.004 billion UAH from undistributed profit of 2008, 2010 and 2011 to pay dividends. According to the agenda of the shareholders meeting scheduled for July 10 to be held remotely, the dividends will be paid in the amount of 1.2 UAH per ordinary share, including 0.24 UAH from…
Sukha Balka had to completely suspend operation due to shortage of electricity at the Frunze mine and the repair of equipment at the Yuvileyna mine. Operation at the Yuvileyna was suspended because of the scheduled repair of the cargo-metering complex. Work was carried out in late November (12 days). In early December ore extraction was…