AHMSA and MINOSA consortium restructuring progress, Digi Mart USA News (Mexico): A new step in the restructuring of Altos Hornos de Mexico (AHMSA) and Minera del Norte (MINOSA) was recorded in a court order recognizing progress in efforts to form a possible consortium interested in acquiring both companies as a single productive unit.
According to a statement released on November 4, 2026, the trustee of AHMSA and MINOSA published a simplified version of the order issued on November 3 by the Second District Court in Commercial Insolvency Matters. The order relates to the first report submitted by secured creditors and concerns case files 19/2023 and 77/2022.
The document states that Cargill Financial Services and Grupo Afirme submitted on time the report requested on activities carried out during the first analysis period to determine the feasibility of a possible consortium.
One central point of the report states that forming the consortium is viable and that the actions taken so far represent appropriate steps toward that goal. Reported work includes the signing of a memorandum and an analysis of financial, legal, accounting, tax, regulatory and corporate aspects needed to evaluate the conditions of a possible acquisition.
Issues considered critical to a possible reactivation of the productive units were also addressed, including the required capital, personnel rehiring plans, and permits and licenses from federal, state and municipal authorities. Creditors also reported efforts to ensure the continuity of essential suppliers, along with meetings and communications with financial advisers, union representatives and other relevant third parties.
However, the court order makes an important clarification: these activities do not yet represent an acquisition proposal or a formal commitment to complete one. They are preparatory efforts focused on exchanging information and analyzing the conditions needed to determine whether the project is feasible.
The document was electronically signed by Judge Ruth Haggi Huerta Garcia, Second District Judge in Commercial Insolvency Matters, based in Mexico City with jurisdiction nationwide.
