Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 462

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 462
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 April 30, 2024, ArcelorMittal completed the sale and transfer of certain environmental obligations related to several industrial wastelands including the Chertal site, blast furnaces B and 6 and the coke plant in Liège (Belgium) to different private investors and the Walloon Region. Accordingly, the Company derecognized 148 environmental provisions and recognized current and non-current liabilities for the same amount with respect to the funding of such obligations. In Luxembourg, environmental provisions relate to the post- closure monitoring and remediation of former production sites, waste disposal areas, slag deposits and mining sites.

291

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

In France, environmental provisions principally relate to the remediation of former sites, including several coke plants and the remediation and improvement of storage of residues and secondary materials, treatment of slag dumps, disposal of waste at different ponds and landfills, removal of asbestos from the installations and mandatory financial guarantees to cover risks of major accident hazard or for gasholders and waste storage. Most of the provision relates to the stocking areas at the Dunkirk site, the mothballing of the liquid phase in Florange, including study and surveillance of soil and water to prevent environmental damage, and the treatment and elimination of waste. In Poland, environmental provisions include 89 for cleaning and remediation costs following the closure of primary facilities in Kraków, including coke plant and land remediation of post- industrial areas in Ruszca (district of Kraków). In Germany, the 34 environmental provision essentially relates to ArcelorMittal Bremen’s post-closure obligations at the Prosper coke plant in Bottrop mainly established for soil remediation, groundwater treatment and monitoring. South Africa AMSA's environmental provisions include 26 related to the decommissioned Pretoria Works site in a state of care and maintenance with ongoing rehabilitation and 20 related to the Newcastle Works site mainly with respect to air quality improvements, waste site remediation and storm water management. AMSA's environmental provisions also include 32 related to the environmental rehabilitation of the Thabazimbi mine. Canada In Canada, ArcelorMittal Dofasco has a 26 environmental provision for the expected cost of remediating toxic sediment located at the East Boatslip site. Asset retirement obligations Asset retirement obligations ("AROs") arise from legal requirements and represent management’s best estimate of the present value of the costs that will be required to retire plant and