Asset Report

Pena Colorada iron ore mine

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13 April 2018

Pena Colorada iron ore mine

Report summary

Peña Colorada is a surface mine located near the town of Minatitlan in Mexico's state of Colima. The mine is a 50/50 joint venture between ArcelorMittal and Ternium, though it is operated by the former. Each company assumes its pro rata share of the production, which is split between a pellet product and a concentrate one. In 2014, Peña Colorada started an investment project to increase the capacity of the crushing and grinding systems. The new plants began operations in December 2016. Concentrate from the mine is trucked roughly 50 kilometres from the mine site to its pelletising plant in the city of Manzanillo, before being loaded onto railcars or ocean-going vessels. This results in a fairly high sensitivity to changes in diesel prices than mines in other countries.

Table of contents

  • Key facts
    • Summary
    • Key Issues
  • Location maps
  • Participation
  • Geology
  • Reserves and resources
    • Production
  • Operations
  • Infrastructure
  • Costs
  • Sales contracts
  • Economic assumptions

Tables and charts

This report includes 13 images and tables including:

  • Key facts: Table 1
  • Detail map
  • Participation
  • Marketable reserves (at 01/01/2018)
  • Operational summary
  • Infrastructure
  • Cash Cost
  • Cash cost
  • Capital cost
  • Product quality
  • Economic assumptions
  • Production: Image 1
  • Production

What's included

This report contains:

  • Document


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  • Document

    Pena Colorada iron ore mine

    PDF 1.15 MB