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Mine “Evraz Sukha Balka” in I half-year reduced production by 16.5%

Mine “Evraz Sukha Balka” (Kryvyi Rih, Dnipropetrovsk region), sold in may, the company Evraz group DCH businessman Aleksandr Yaroslavskyy, in January-June 2017 reduced production of commodity iron ore by 16.5% compared to the same period of 2016 – up to 1,091 million tons.

As have informed Agency “Interfax-Ukraine” the representative of the company, in June, the mine produced 261 thousand tons of commodity ore.

As reported, the company in 2016 has reduced the production of commodity iron ore by 8.8% to 2,564 million tons (2015 2,810 million tons).

Mine “Evraz Sukha Balka” (DCH group intends by the extraordinary shareholders ‘ meeting on 31 July to change the name of the company) is one of the leading enterprises of mining industry in Ukraine, specializiruetsya on the extraction of iron ore by underground method. Part of mine includes the mine “jubilee” and mine to them. Frunze. The mine employs about 3.5 thousand people .

“Evraz Sukha Balka” specializiruetsya on the extraction and production of commodity iron ore, which include the sinter ore (Fe content 56-60%) and blast ore (47% – 50%).

The capacity of the mine is approximately 3.1 million tonnes of ore per year. Its revenues in 2016 amounted to $145 mln, EBITDA of $26 million.

As the registry of owners on 29 may 2017, the company Kadish Limited (Cyprus) owned 99,419301% of the shares in the total number of shares (99,551255% of the total number of voting shares).

The company Berklemond Investments Ltd, part of the DCH group Aleksandr Yaroslavskyy, has acquired Kadish Limited.

The authorized capital of PJSC “Evraz Sukha Balka” is 41,869 million UAH, nominal shares – UAH 0.05.

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