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Last $28.33 USD
Change Today -1.08 / -3.67%
Volume 3.9M
SCCO On Other Exchanges
New York
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1440 East Missouri Avenue

Suite 160

Phoenix, AZ 85014

United States

Phone: 602-264-1375

Fax: 602-264-1397

Southern Copper Corporation operates as an integrated copper producer worldwide. The company produces copper, molybdenum, zinc, and silver. Segments The company operates through three 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 company also produces various molybdenum concentrate and refined silver. Additionally, it produces refined copper using solvent extraction/electrowinning (SXEW) technology. 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. 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. The Buenavista mine was operated from December 11, 2010 to July 2011 by Buenavista del Cobre S.A. de C.V. Industrial Minera Mexico, S.A. de C.V. (together with its subsidiaries, the IMMSA unit) operates five underground mines that produce zinc, lead, copper, silver and gold, a coal mine and a zinc refinery. Mexican Underground Mining Operations This segment’s operations are conducted through Industrial Minera Mexico, S.A. de C.V., which operates five underground mines that produce zinc, lead, copper, silver, and gold; a coal mine; and a zinc refinery. 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. Exploration Activities The company’s mining, smelting, and refining facilities are located in Peru and Mexico and it conducts exploration activities in those countries and in Argentina, Chile, and Ecuador. The company has direct control of 93,972 and 160,454 hectares of exploration concessions in Peru and in Mexico, respectively. It also holds 100,383 hectares, 35,958 hectares, and 2,544 hectares of exploration concessions in Argentina, Chile, and Ecuador, respectively. Peru Los Chancas. This property, located in the department of Apurimac in southern Peru, is a copper and molybdenum porphyry deposit. Other Peruvian Prospects: In 2013, the company concluded an exploration program of 7,246 meters of diamond drilling around its operating areas. Mexico In addition to exploratory drilling programs at existing mines, the company is conducting exploration to locate mineral deposits at various other sites in Mexico. Buenavista-Zinc: The Buenavista-Zinc site is located in the state of Sonora, Mexico and forms part of the Buenavista ore body. The Chalchihuites: The Chalchihuites site is located in the state of Zacatecas. It is a replacement deposit with mixed oxides and sulfides of lead, copper, zinc and silver. Sierra de Lobos: This project is located southwest of the city of Leon, Guanajuato. Drilling in 2008 confirmed the presence of copper and zinc mineralization. Chile Catanave: Located in northern Chile (Arica), Catanave belongs to a mineralized epithermal system of gold and silver. El Salado: In 2013, the company started a diamond drilling program of 22,000 meters focused on classifying the existing mineral. A further diamond drilling program of 15,000 meters is planned for 2014 defining the mineralized structures of the Diego de Almeida zone. Resguardo de la Costa: A copper-gold prospect located in northern Chile (Atacama area). Other Chilean Prospects: For 2014, the company plans to continue with a regional exploration program focused on locating systems, mainly of porphyritic of copper and molybdenum. The company plans to explore mainly in the Atacama metallogenetic strip, and the El Salado region where the Amor prospect, which has evidence of copper oxides and sulfurs and gold, is located. Ecuador In 2011, the company started exploration activities in Ecuador. Chaucha: the Ruta del Cobre (Copper Road) project is located south of Guayaquil. The mineralization is characteristic of a copper-molybdenum porphyry system. In 2013, the company obtained all the permits required for the evaluation of the deposit. Argentina In 2011, the company started exploration activities in Argentina. During 2012, the company carried out exploration mainly at the Cochicos project, located in the Province of Neuquen. History Southern Copper Corporation was founded in 1952. The company was incorporated in Delaware in 1952.


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