Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 149

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 149
---
 At ownership interest (85%)              |     |                       |                          |  2.7 |                  3.2 |                          |  3.3 |                  3.0 |                          |  3.6 |  3.8 |
| Mining segment at 100% basis             |     |                       |                          | 67.0 |                 28.0 |                          | 69.2 |                 26.0 |                          | 71.2 | 28.5 |
| Mining segment at the ownership interest |     |                       |                          | 57.0 |                 23.7 |                          | 58.8 |                 22.0 |                          | 60.5 | 24.3 |

AMMC AMMC is structured in two partnerships ArcelorMittal Mining Canada G.P. and ArcelorMittal Infrastructure Canada G.P., which are both held at 85% by ArcelorMittal with a 15% non- controlling interest held by 9404-5515 Québec Inc., a consortium constituted, among others, of POSCO, South Korean Steel Company and China Steel Corporation. AMMC is a production stage property, including two deposits at Mont-Wright and Fire Lake, and another deposit at Mont-Reed. The mines at Mont-Wright and Fire Lake are operated by AMMC and are both open-pit producing mines, consolidated in one production schedule and life of mine supporting the AMMC property's disclosed mineral reserves. The deposit at Mont- Reed is currently in an exploration stage. The Mont-Wright and Fire Lake deposits are located in Québec, Canada. Mont-Wright is located near Fermont, and Fire Lake is located 85 kilometers south-east of Fermont. The Mont-Reed deposit is located approximately 130 kilometers southwest of Mont-Wright. Along with the Mont-Wright and Fire Lake mines, AMMC operates an ore processing plant located on-site at Mont-Wright, as well as a pelletizing plant located at the Port- Cartier port. Headquarters of the mines are based in Greater Montreal. Fermont, the town site built to support the mining operations, is located 16 kilometers east of the Mont-Wright mining complex and is connected by Highway 389 to Baie-Comeau, which is 570 kilometers away. The Mont-Wright and Fire Lake mines are located approximately 400 kilometers north of the city of Port- Cartier and approximately 1,000 kilometers north-east of Montreal. AMMC mining property