In January-July the Sukhaya Balka mine produced 1.577 million tons of iron ore, up by 0.8% YoY. In July 209 thousand tons of ore were produced, and in June – 231 thousand tons. Last year the enterprise increased iron ore output by 8.4% YoY, to 2.725 million tons. The mine capacity is 3.1 million tons…
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…