Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 119

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 119
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 Consorcio Minero Benito Juarez Peña Colorada, S.A. de C.V. ("Peña Colorada") is a 50/50 joint operation between ArcelorMittal and Ternium S.A. ("Ternium") and operates an open pit iron ore mine in the province of Minatitlán in the northwestern part of the State of Colima, Mexico. It also operates a concentrating facility and a two-line pelletizing facility. The beneficiation plant is located at the mine, whereas the pelletizing plant is located in Manzanillo. The magnetite concentrate produced at the mine is shipped from Manzanillo to ArcelorMittal Mexico, as well as to Ternium’s steel plants by ship and by rail. El Volcan & San José ArcelorMittal's San José and El Volcan iron ore mines in the state of Sonora, Mexico stopped production in 2019 and 2024, respectively, due to depletion of reserves and are accordingly no longer in operation. Las Truchas ArcelorMittal operates the Las Truchas iron ore mine located approximately 27 kilometers north-west of the town of Lázaro Cárdenas in the State of Michoacán, Mexico. The concentrated ore is pumped from the mine site through a slurry pipeline to the steel plant facility in Lázaro Cárdenas. ArcelorMittal has progressed on its project to increase pellet feed production at Las Truchas mine to 2.3 million tonnes per annum with DRI concentrate grade capability. This project will enable concentrate production for the BF route and DRI route, with the goal of supplying ArcelorMittal Mexico's steel operations with high quality feed. Production is expected to start in the first half of 2026. See "—Capital expenditures". For further details on ArcelorMittal Mexico mining assets production and other related information, see "—Mineral reserves and resources". AMLPC AMLPC is the largest mini-mill in Canada and has the flexibility to use either DRI or scrap, depending on their respective economics. It produces wire rods, wire products and bars, primarily sold in Canada and the United States and principally serves the automotive, appliance, transportation, machinery and construction industries. It also produces slabs that are used within ArcelorMittal.

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