Asset Report
Pena Colorada iron ore mine
Report summary
Peña Colorada is a mid-sized surface mine located near the town of Minatitlan in Colima state, Mexico. 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 concentrate and pellets. Despite slightly lower production volumes, Peña Colorada's costs fell by 7% in 2020 primarily as a result of lower oil prices. The operation has a fairly high sensitivity to changes in diesel prices compared to other mines as its output is trucked 50 kilometres to the pelletising plant in Manzanillo. In 2016, Peña Colorada completed a project that revamped its crushing and grinding systems. This, ultimately, now allows the operation to run more efficiently its 4.5-Mtpa concentration plant.
Table of contents
- Summary
-
Key Issues
- Emissions
Tables and charts
This report includes 13 images and tables including:
- Peña Colorada Emission Intensity Quartile Ranking - Total global production - Tonnes of ore
- Detail map
- Participation
- Marketable reserves (at 01/01/2022)
- Production
- Production
- Operational summary
- Infrastructure
- Cash Cost
- Cash cost
- Capital cost
- Product quality
- Economic assumptions
What's included
This report contains:
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