Sukha Balka GOK (Mining and Processing Plant)
Sukha Balka mines iron ore using the underground method at two mines: Yuvileyna (reserves of rich iron ore — 44.9 million tons) and Frunze (reserves of rich iron ore — 14.2 million tons). Yuvileyna mine is shafted by 1,210 meters, Frunze mine by 1,370 meters.
The company produces 56% to 64% Fe sinter ore. More than 60% of its products are shipped to the domestic market. The rest is exported to Europe.
Since 2017, Sukha Balka is part of the DCH Group.
Production capacity
Frunze mine — 1,285 thousand tons
Staff and wages
* per worker before taxes
Charts and tables
Production results, thousand tons
Indicative sales structure by products in 2020*
Indicative sales structure by markets in 2020*
* structure of sales volumes, metric tons
Financial performance, $ million
| 2013 | 2014 | 2015 | 2016 | 2017 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|
| Sales | 394 | 536 | 343 | 134 | 165 | 129 | 157 |
| EBITDA | 84 | 98 | 11 | 20 | 32 | 54 | 74 |
| EBITDA margin | 21.3% | 18.4% | 3.1% | 15.1% | 19.4% | 42.1% | 47.4% |
| Net income | 52 | 71 | -29 | -6 | -44 | 35 | 14 |
| Net income margin | 13.2% | 13.2% | -8.5% | -4.6% | -26.8% | 27.2% | 8.7% |
| CAPEX | 15 | 11 | 5 | 4 | 4 | 8 | 6 |
Key facts
In November 2017
Sukha Balka extended the licenses for iron ore mining at Yuvileyna and Frunze mines for 20 years.
In May 2017
The DCH Group aсquired Sukha Balka GOK from the Evraz Group for $110 million.
In July 2018
Production of 64% Fe commercial ore was launched. Until that time, iron content did not exceed 60%.
In July 2018
A horizon of 1,210 meters was put into operation at Frunze mine.
2019
In 2019, Sukha Balka to invest UAH 137 million into purchase of self-propelled vehicles.
In 2019, Sukha Balka plans to prepare 2 new horizons (1500 and 1580 m) for operations at the Yuvileyna mine.
In 2019, Sukha Balka attracted $30 million credit line at Oschadbank of Ukraine.
Sources: websites of the companies, media outlets
12 July 2022
25 November 2021
03 November 2021
05 October 2021
28 September 2021
14 September 2021
30 July 2021
01 June 2021
07 May 2021
31 March 2021