Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. The company is a majority-owned, indirect subsidiary of Grupo Mexico S.A.B. de C.V. (Grupo Mexico). As of December 31, 2014, Grupo Mexico through its wholly-owned subsidiary, Americas Mining Corporation (AMC) owned 84.6% of its capital stock. Segments The company operates in the following segments: Peruvian operations, Mexican Open-Pit operations, and Mexican underground mining operations. Peruvian Operations This segment engages in the mining, milling, and flotation of copper ore to produce copper concentrates and molybdenum concentrates; smelting copper concentrates to produce anode copper; and refining anode copper to produce copper cathodes. The Peruvian operations produce copper, with production of by-products of molybdenum, silver and other material. The company also produces various molybdenum concentrate and refined silver. Additionally, it produces refined copper using solvent extraction/electrowinning (SXEW) technology. The company has 166,696 hectares in concessions from the Peruvian government for exploration, exploitation, extraction and production operations, at various sites. The company operates the Toquepala and Cuajone mines high in the Andes Mountains, approximately 860 kilometers southeast of the city of Lima, Peru. It also operates a smelter and refinery west of the Toquepala and Cuajone mines in the coastal city of Ilo, Peru. Mexican Open-Pit Operations This segment conducts the company’s operations through its subsidiary, Minera Mexico S.A. de C.V. (Minera Mexico), which engages primarily in mining and processing copper, molybdenum, zinc, silver, gold, and lead. Minera Mexico operates through subsidiaries that are grouped into three separate units. In Mexico, the company has approximately 547,815 hectares in concessions from the Mexican government for its exploration and exploitation activities. Mexicana de Cobre S.A. de C.V. operates La Caridad, an open-pit copper mine, a copper ore concentrator, a SXEW plant, a smelter, refinery, and a rod plant. Operadora de Minas e Instalaciones Mineras S.A de C.V. operates Buenavista, an open-pit copper mine, which is located at the site of one of the major copper ore deposit, a copper concentrator, and two SXEW plants. Mexican Underground Mining Operations Mexican underground mining operations include five underground mines that produce zinc, copper, silver and gold, a coal mine that produces coal and coke, and a zinc refinery. This group is identified as the Industrial Minera Mexico, S.A. de C.V (IMMSA) unit. Products The principal uses of copper are in the building and construction industry, electrical and electronic products, and industrial machinery and equipment, consumer products, and the automotive and transportation industries. Molybdenum is used to toughen alloy steels and soften tungsten alloy and is also used in fertilizers, dyes, enamels, and reagents. Silver is used for photographic, electrical, and electronic products and brazing alloys and solder, jewelry, coinage, silverware, and catalysts. Zinc is primarily used as a coating on iron and steel to protect against corrosion. It is also used to make die cast parts, in the manufacturing of batteries and in the form of sheets for architectural purposes. History Southern Copper Corporation was founded in 1952. The company was incorporated in Delaware in 1952.
southern copper corp (SCCO:New York)
1440 East Missouri Avenue
Phoenix, AZ 85014
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