Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 477

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 477
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 was filed on October 30, 2024. Each party claims to have exercised an effective put- option, which the other party disputes. Tauron seeks the payment of 145 (PLN 598 million) for its 50% shareholding in Tameh. In the response, the Company filed a counterclaim against Tauron for the same amount. Tribunal selection is ongoing.

297

| Consolidated financial statements                          |
| (millions of U.S. dollar, except share and per share data) |

9.4 Commitments

|                                                             | December 31, |     |        |
|                                                             |         2024 |     |   2023 |
| Commitments related to purchases of rawmaterials and energy |       10,082 |     | 11,346 |
| Guarantees, pledges and other collateral                    |       10,019 |     |  8,888 |
| Capital expenditure commitments                             |        1,542 |     |  2,799 |
| Other commitments                                           |        1,294 |     |  1,374 |
| Total                                                       |       22,937 |     | 24,407 |

Commitments related to purchases of raw materials and energy

Purchase commitments consist primarily of major agreements

for procuring iron ore, coking coal, coke and hot metal. The

Company also has a number of agreements for electricity,

industrial and natural gas, scrap and freight. In addition to those

purchase commitments disclosed above, the Company enters

into purchasing contracts as part of its normal operations which

have minimum volume requirements but for which there are no

take-or-pay or penalty clauses included in the contract. The

Company does not believe these contracts have an adverse

effect on its liquidity position.

Commitments related to purchases of raw materials and energy

included commitments given to associates for 1,704 and 1,487

as of December 31, 2024 and 2023, respectively. Purchase

commitments given to associates included 798 and 704 as of

December 31, 2024 and 2023, respectively, related to the gas

supply agreement with Kryvyi Rih Industrial Gas. Purchase

commitments included commitments given to joint ventures for

719 and 838 as of December 31, 2024 and 2023 , respectively.

Purchase commitments given to joint ventures included 287 and

334 related to Tameh and 380 and