Southern Copper

Southern Copper Corporation produces, distributes and trades copper and other related products

Categories

Energy and Utilities  

#284

Rank

$58.28B

MarketCap US

US United States

Country

Summary

Southern Copper Corporation is a mining company that was incorporated in 1952 and is based in Phoenix, Arizona. The company specializes in the exploration, mining, smelting, and refining of copper and other minerals in various countries, including Peru, Mexico, Argentina, Ecuador, and Chile. The company's mission is to provide a sustainable mining business that creates value for all its stakeholders and contributes to the development of the regions in which it operates.

Southern Copper Corporation operates several open-pit copper mines, including the Toquepala and Cuajone mines in Peru and the Buenavista mine in Mexico. These mines produce copper and molybdenum concentrates that are then smelted to produce blister and anode copper. The company also operates copper ore concentrators, SX-EW plants, and rod plants in Mexico and Peru.

In addition to copper, Southern Copper Corporation also produces other minerals, including zinc, lead, silver, and gold. The company operates several underground mines that produce these minerals, including the Charcas, San Martin, and Santa Barbara mines in Peru, and the San Luis Potosi mine in Mexico. The company also operates a coal mine in Mexico that produces coal and coke and a zinc refinery in Peru.

Southern Copper Corporation holds interests in several exploration concessions in various countries, including over 82,000 hectares in Peru, over 493,000 hectares in Mexico, over 246,000 hectares in Argentina, over 29,000 hectares in Chile, and over 7,000 hectares in Ecuador. These exploration concessions allow the company to explore new mineral deposits and expand its mining operations.

Southern Copper Corporation is committed to responsible mining practices and sustainable development in the regions where it operates. The company aims to minimize its environmental impact, promote social responsibility, and create value for all its stakeholders, including its employees, shareholders, customers, and the communities in which it operates.


History

Southern Copper Corporation has a rich history that spans over half a century. The company was founded in 1952 as a subsidiary of the Mexican company Industrias Peñoles S.A. The Schnadiger brothers, Isaac and Manuel, started the company with the acquisition of the La Caridad mine in Durango, Mexico, and the Pozarica smelter. The following year, Southern Copper Corporation was formed in the US to own a portion of the Mexican operation.

Over the years, Southern Copper Corporation has grown through strategic acquisitions and expansions. In the early 1960s, SCC acquired the La Caridad and Buenavista mines in Mexico, as well as the Toquepala and Cuajone mines in Peru. In the late 1960s, SCC acquired two smelters in Peru, and in the mid-1970s, SCC purchased the Los Frailes zinc mine in Mexico.

In 1983, SCC acquired the Los Chancas mine in Peru, which was the company's first acquisition outside of Mexico. In the mid-1990s, SCC diversified by purchasing a stake in a telecommunications company and a Mexican trading company. In the late 1990s, SCC bought the Michiquillay copper project in Peru, which was one of the largest copper projects in the world at the time.

In 2005, SCC made a major acquisition when it bought Phelps Dodge, a large US-based copper mining company. This expanded SCC's operations to include copper mines in Arizona and New Mexico, as well as further consolidating SCC's position as one of the largest copper producers in the world.

Today, Southern Copper Corporation is one of the world's largest copper producers with operations in Mexico, Peru, and the US. The company produces copper and other metals through mining, milling, and smelting operations. SCC's operations span the entire copper supply chain, from exploration and mining, to smelting and refining, to manufacturing high-quality copper products.


Mission

Southern Copper Corporation's mission is to provide superior value to its customers through superior products, processes and services. The company has expressed a strong commitment to responsible mining practices and sustainable development. SCC recognizes that the mining industry can have a significant impact on the environment and the communities where it operates, and therefore has implemented a range of environmental and social responsibility programs.

SCC's approach to sustainability includes a focus on reducing greenhouse gas emissions, conserving water resources, and protecting biodiversity. The company has also developed programs to promote education, health, and economic development in the communities where it operates. SCC strives to be a responsible corporate citizen, building positive relationships with stakeholders including employees, customers, suppliers, governments, and local communities.

In addition to its commitment to responsible mining practices, SCC aims to provide superior value to its customers through the production of high-quality copper products. The company's vertically integrated business model allows it to control every aspect of the copper supply chain, from mining and milling to smelting and refining. By focusing on operational excellence and continuous improvement, SCC aims to deliver superior products, processes, and services to its customers.


Vision

Southern Copper Corporation's vision is to become the premier copper-producing company in the world. The company aims to achieve this by continuing to expand its operations and improving its efficiency and productivity. 

SCC is committed to investing in the exploration and development of new mines, as well as in the latest technologies and equipment to ensure that its operations are safe, sustainable, and profitable. 

Additionally, SCC is focused on maintaining a strong relationship with the communities in which it operates, providing job opportunities and supporting local development initiatives


Key Team

Enrique Luis Castillo Sánchez Mejorada (Board Member)

Carlos Ruiz Sacristán Pemán (Board Member)

German Larrea Mota-Velasco (Chairman)

Daryle Cotrado (HPGR Project Chief)

Germán Larrea Mota (Board Member)

Edgard Augusto Corrales Aguilar (Vice President)

Gilberto Perezalonso Cifuentes (Board Member)

Enrique Luis Castillo Sánchez Mejorada (Board Member)

Luis Miguel Palomino Bonilla (Board Member)

Genaro Guerrero (CFO)

Rafael Alfonso MacGregor Anciola (Board Member)

German Larrea Mota-Velasco (Chairman)

Tejada Leonardo Contreras Lerdo De (Board Member)

Germán Larrea Mota (Board Member)

Oscar González Rocha (President/CEO)

Alfredo Casar Pérez (Board Member)

Carlos Ruiz Sacristán Pemán (Board Member)


Recognition and Awards
Southern Copper Corporation rewards employees and vendors for excellence, innovation, quality and service.

Products and Services

Southern Copper Corporation produces and refines copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company's products include copper cathodes, copper concentrates, molybdenum concentrates, anode copper, and refined silver and gold. The company's mining operations include the exploration, milling, and flotation of copper ore to produce copper and molybdenum concentrates, smelting of copper concentrates to produce blister and anode copper, refining of anode copper to produce copper cathodes, and production of molybdenum concentrate and sulfuric acid.

In addition to copper, Southern Copper Corporation mines and processes other minerals, such as zinc, lead, silver, and gold. The company operates five underground mines that produce zinc, lead, copper, silver, and gold, a coal mine that produces coal and coke, and a zinc refinery. Southern Copper Corporation is also involved in the exploration and development of new mining projects, including the Tia Maria copper mine in Peru and the El Arco copper project in Mexico.


References
Southern Copper
Leadership team

Alfredo Casar Pérez (Board Member)

Andres Carlos Ferrero Ghislieri (General Counsel)

Industries

Energy and Utilities

Products/ Services
Copper, Molybdenum, Zinc, Silver
Number of Employees
1,000 - 20,000
Headquarters
Mexico City, Distrito Federal, Mexico
Established
1952
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0001001838
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
SCCO
Social Media

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Fri Mar 01 2024
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