The ‘Sukha Balka’ mine, located in Kryvyi Rih in the Dnipropetrovsk region and owned by the DCH group of Oleksandr Yaroslavskyi, has completed the preparation of a new extraction block of the iron ore deposit ‘Main’ at the ‘Yubileyna’ mine. The reserves of the new block amount to 126 thousand tons of high-quality raw material with an iron content of 58.75%.
This is reported by Finway
The New Block Will Ensure Stable Ore Extraction
According to information from the DCH Steel corporate publication, miners at the ‘Yubileyna’ mine have prepared block 30-34 for operation, located at a depth of -1420 meters of the first sub-level of the ‘Main’ deposit. The introduction of this block will allow the enterprise to maintain a stable level of iron ore extraction, which is an important factor for ensuring the production activities of the plant and the economic stability of the region.
“Miners at the ‘Yubileyna’ mine have prepared the new block 30-34 for extraction, located at a depth of -1420 m of the first sub-level of the ‘Main’ deposit. The reserves of the block amount to 126 thousand tons of high-quality raw material with an iron content of 58.75%,” it was reported in the DCH Steel corporate newspaper on Thursday.
Financial Results and Tax Payments by Group Enterprises
In 2025, the ‘Sukha Balka’ mine and the Dnipro Metallurgical Plant (DMP) jointly paid nearly 650 million hryvnias in taxes and fees to budgets at all levels. Of this amount, the ‘Sukha Balka’ mine transferred 359.1 million hryvnias to the consolidated budget. The largest share of the payment structure consisted of rent payments for the use of subsoil for mineral extraction — 157.3 million hryvnias. Additionally, 78.2 million hryvnias were paid in a single social contribution, 69.1 million hryvnias in personal income tax, 20.5 million hryvnias in land rent, and 19.2 million hryvnias in military tax.
In 2025, the DMP directed 290.5 million hryvnias to state and local budgets, including: 103.5 million hryvnias in land rent, 68.1 million hryvnias in a single social contribution, 64.5 million hryvnias in personal income tax, 30 million hryvnias in value-added tax, and 17.9 million hryvnias in military tax.
The ‘Sukha Balka’ mine remains one of the key enterprises in Ukraine’s mining industry, conducting underground iron ore extraction. The mine includes the ‘Yubileyna’ and Frunze mines. It is worth noting that in May 2017, the DCH group acquired the mine from the previous owner — the Evraz group.