The Sukha Balka mine is a large iron mine located in western Russia in the

Sverdlovsk Oblast Sverdlovsk Oblast ( rus, Свердловская область, Sverdlovskaya oblast) is a federal subject (an oblast) of Russia located in the Ural Federal District. Its administrative center is the city of Yekaterinburg, formerly known as S ...

. Evrazruda represents one of the largest

iron ore Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the fo ...

reserves in Russia and in the world having estimated reserves of 585.2 million tonnes of ore grading 58% iron metal. It is owned by the DCH (Development Construction Holding) of the Ukrainian business and investor Oleksandr Yaroslavskyi. Among DCH's other holder are the Dnieper Metallurgical Combine and the Kharkiv Tractor Plant. Larisa Chertok's Gehold SA privatized a stake in Sukha Balka, by 2008 Palmrose Ltd. controlled by Boholyubov and her brother Ihor Kolomoyskyi was the main owner of Sukha Balka which was sold for over $1 billion to Russia’s Evraz group, part-owned by Roman Abramovich.

References

{{DEFAULTSORT:Sukha Balka Mine Iron mines in Russia