Asset Report
Las Truchas iron ore mine
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Report summary
Las Truchas is a small surface mine owned and operated by ArcelorMittal located near the town of La Mira in Michoacán state, Mexico. The operation supplies lump, fines and concentrate products to ArcelorMittal's nearby Lázaro Cárdenas steel mill. Pellets produced at Lázaro Cardenas feed both the mill's blast furnaces and DRI plant. Las Truchas C1 direct cash cost is expected to spike by almost 12% in 2022, as a result of mounting inflation and high oil prices. ArcelorMittal announced a US$150 million project to increase pellet feed capacity by 77% plus improving concentrate quality. The main project goal is to supply ArcelorMittal Mexico steel operations with high quality feed and reduce reliance on third party suppliers. We foresee the project start up for the second half of 2024.
Table of contents
- Summary
Tables and charts
This report includes the following images and tables:
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Las Truchas Emission Intensity Quartile Ranking - total global production - tonnes of oreDetail mapParticipation
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Marketable reserves (at 01/01/2024)ProductionProductionOperational summaryInfrastructureCash costCash costCapital costProduct quality
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What's included
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