COMPANY PROFILE
Industrial excellence, a commitment to quality.
Summary
Peña Colorada is a Mexican company dedicated to the exploration, extraction and processing of iron ore and supplying the national steel industry. Founded in 1975 as a state-owned enterprise, it has operated as a private organization since 1991, jointly owned by ArcelorMittal and Ternium, each holding a 50% stake. Its operations include an open-pit iron mine in Minatitlán and a pelletizing plant in Manzanillo, both located in the state of Colima. The company produces 4.1 million tons of pellets and 0.4 million tons of iron concentrate annually, accounting for approximately 30% of the iron ore used in the national steel industry.
Main Leadership
Eng. Hugo Solis General Director of the Benito Juárez Peña Colorada Mining Consortium
Main Services
Production of pellets and raw material for steel manufacturing.
Our final product is iron ore pellet, a sphere-shaped agglomerate industrially produced with ideal characteristics to be used as a basic raw material for steel production. Here is our incredible process:
Strategic Quote
“Industrial Excellence” summarizes Peña Colorada’s aspiration to be a national benchmark in responsible, efficient and sustainable mining. This phrase encapsulates the company’s commitment to:
- Continuous improvement in its production processes, from ore extraction to pelletizing.
- Operational discipline as the foundation for achieving zero accidents, energy efficiency, and high productivity.
- Regulatory and environmental compliance, ensuring its operations meet the highest standards in the mining industry.
- Innovation and technology to optimize extraction practices and reduce environmental impact.
- Social responsibility, incorporating conservation projects (such as ACIP and UMA) and active collaboration with local communities.
Moreover, “Industrial Excellence” refers not only to technical or productive operations but also to a comprehensive work philosophy: safety, respect, sustainability, efficiency, and quality at all levels of the organization.
Main Projects
Open-pit mine in Minatitlán, Colima: Main operation for iron ore extraction.
Pelletizing plant in Manzanillo, Colima: Facility for processing and pelletizing the extracted ore.
Paticajo Industrial Center in Minatitlán, Colima: Industrial complex located in the town of Paticajo, Minatitlán, which includes the Paste Plant, inaugurated in 2019 with an investment of over 850 million pesos. An expansion is currently underway to add a filtration plant that will improve tailings management.
Environmental Management Unit (UMA) in Minatitlán, Colima: Area dedicated to the conservation and restoration of native plant and animal species, ecological research, and plant production for reforestation.
