Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 365

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 365
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apatnam, Andhra Pradesh (along with an integrated conveyor connected to AMNS India’s iron ore pellet plant in the port city) and a 100 - kilometer Gandhar - Hazira transmission line, connecting AMNS India’s steelmaking complex with the central electricity grid. AMNS India intends to further debottleneck existing operations (steel shop and rolling parts) in the medium term. The first phase of expansion represents capital expenditures of approximately 7.7 billion ( 0.8 billion for debottlenecking, 1.0 billion for downstream projects, 5.7 billion for upstream projects and 0.2 billion for operational readiness) and started in October 2022 . It aims to increase production at the Hazira facility to 15 million tonnes of rolled products by the second half of 2026 (Phase 1A). Plans are under development to further expand production. Phase 2A would see steelmaking capacity grow to 18 million tonnes per annum by 2028 with phase 2B taking capacity at the Hazira facility to 24 million tonnes by 2030. Further greenfield development options are under consideration to take steelmaking capacity to 40 million tonnes per annum in the long-term. On March 16, 2020, AMNS Luxembourg entered into a 5.1 billion ten -year term loan agreement with various Japanese banks which is guaranteed by ArcelorMittal and NSC in proportion to their interests in the joint venture. On March 30, 2023, AMNS Luxembourg entered into an additional 5 billion ten -year term loan agreement at floating rate with various Japanese banks. The proceeds of the loan, which is guaranteed by ArcelorMittal and NSC in proportion to their respective interests in the joint venture, is used for the purposes of financing the expenditures necessary for the implementation of phase 1A of expansion to increase production at the Hazira facility to 15 million tonnes. The loan consists of Tranche A, Tranche B and Tranche C of 2 billion, 1 billion and 2 billion, respectively, and is arranged to be disbursed by April 30, 2026 at the request of AMNS Luxembourg. In terms of iron ore mining assets, AMNS India operates the Thakurani mine in the Keonjhar district of Odisha and the Ghoraburhani-Sagasahi mine in the Sudargarh district of Odisha . Acciaierie d'Italia Acciaierie d'Italia