Peña Colorada Mine (JV with Ternium)
Mining
Type
Operating
Status
🇲🇽 Mexico
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
50
Ownership %:
50
Operator:
No
Operator:
No
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 31 December 2025
Peña Colorada iron ore mine - joint operation with Ternium (ArcelorMittal 50%). 60 km NE of Manzanillo port, Colima State. Polyphase magnetite deposit. Produces concentrate + pellets (2-line pelletizing facility in Manzanillo, slurry pipeline from mine). 4,301 ha surface rights, 39,978 ha mineral rights across 20 concessions, 30-year renewable. 16-year LOM, 10% Fe magnetic cut-off, 71.2% Fe metallurgical recovery.
Mining metrics
As at 31 December 2025
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