The mining company Sukha Balka, part of the DCH group led by Oleksandr Yaroslavskyi, has put into operation a number of new production blocks for iron ore extraction at the Yuvileyna mine since the beginning of 2026.
This is reported by Finway
New Capacities and Ore Reserves
On May 11, 2026, a new ore extraction block was officially opened at the Yuvileyna mine, with preparations for its launch having begun in October 2025. The new production block is located on the first sub-level of the “minus” 1420 meters of the “Main” deposit.
According to the chief engineer of the mine, Mykola Puntus, the reserves of the block amount to 179.5 thousand tons of ore, with an average iron content of 60.42%.
The company estimates that these reserves will be sufficient for approximately six months of continuous operation. At the same time, during the first quarter of 2026, Sukha Balka commissioned four more new blocks with total reserves of 259 thousand tons of iron ore. Two of them were launched in March at the same Yuvileyna mine.
Financial Results and Company History
Despite the expansion of production, in 2025 the company increased its net loss by 25.9% compared to 2024, reaching 420.2 million UAH. For comparison, in 2024, losses amounted to 333.86 million UAH, while in 2023, Sukha Balka was profitable, earning 114.84 million UAH in net profit.
In 2024, the company produced 917 thousand tons of marketable ore, which is 1.5% less than the previous year.
Sukha Balka is one of the leading enterprises in the mining industry of Ukraine and specializes in underground iron ore extraction. It includes the Yuvileyna and Frunze mines.
The DCH group acquired Sukha Balka in 2017 from Evraz, among whose key shareholders was Roman Abramovich. Previously, in 2007, Evraz purchased the company from the “Privat” group, associated with Ihor Kolomoyskyi and Hennadiy Boholyubov.