Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 461

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 461
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 expected to be settled within one year. In 2024, the increase in provisions for voluntary separation plans included 27 related to the Longs Business of ArcelorMittal South Africa and 33 with respect to the Sustainable Solutions reportable segment. Provisions for litigation include losses relating to present legal obligations that are considered to be probable see also note 9.3. In 2024 and 2023 provisions for commercial agreements and onerous contracts were primarily linked to onerous contracts in South Africa, Poland and Spain. Other provisions of 73 and 182 at December 31, 2024 and 2023, respectively, are related to the Complementary Agreement Term signed in 2021 between ArcelorMittal Brazil, the Federal and State Prosecutor Offices and the Commission representing affected people, which includes precautionary evacuation of the communities close to the Serra Azul dam, as well as the commitment to implement action plans to ensure the stability, security and decommissioning of the tailing dam. Other provisions also comprise technical warranties and guarantees. Environmental Liabilities ArcelorMittal’s operations are subject to a broad range of laws and regulations relating to the protection of human health and the environment at its multiple locations and operating subsidiaries. As of December 31, 2024 , excluding asset retirement obligations, ArcelorMittal had established provisions of 506 for environmental remedial activities and liabilities. The provisions for all operations by geographic area included mainly 340 in Europe, 94 in South Africa and 69 in Canada. Europe Environmental provisions for ArcelorMittal’s operations in Europe are mainly related to the investigation and remediation of environmental contamination at current and former operating sites in Belgium ( 58 ), Luxembourg ( 81 ), France ( 55 ), Poland ( 102 ) and Germany ( 34 ). This investigation and remediation work relates to various matters such as decontamination of water discharges, waste disposal, cleaning water ponds and remediation activities that involve the clean-up of soil and groundwater. These provisions also relate to human health protection measures such as fire prevention and additional contamination prevention measures to comply with local health and safety regulations. In Belgium, environmental provisions mainly relate to legal site remediation obligations linked to the closure of the primary installations at the Liège site of ArcelorMittal Belgium. The provisions also include the external recovery and disposal of waste, residues or by-products that cannot be recovered internally at the ArcelorMittal Ghent and Liège sites and the removal and disposal of material containing asbestos. On