Peña Colorada is a surface mine located near the town of Minatitlan in Mexico's state of Colima. The mine is co-owned and operated by ArcelorMittal and Ternium, supplying each company's steel facilities. 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 pelletizing 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.
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Asset report | May 2017
Pena Colorada iron ore mine
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