Southern Copper Corporation
|Type||Subsidiary BVC: SCCO)|
|Traded as||NYSE: SCCO|
|Headquarters||Phoenix, Arizona, United States|
|Key people||Oscar González Rocha (Chairman) & (CEO)|
|Revenue||US$ 6.92 Billion (2011)|
Southern Copper Corporation (NYSE: SCCO / BVC: SCCO) is a mining company originally founded in 1952. The current incarnation Southern Copper can be traced to the 2005 acquisition of Mexican copper producer Minera México by Southern Peru Copper Corporation.
Currently, 75.1 percent of Southern Copper is owned by Mexican mining conglomerate Grupo México. Based on 2007 reserves data, Southern Copper is the world's largest publicly traded copper mining company and the world's seventh largest copper mining company based on 2007 sales. In addition, the firm is the eighth largest copper smelting company. The firm ranks among the world's largest producers of molybdenum, silver, and zinc.
The firm's operations are primarily within southern Peru and northern Mexico.
Operations in southern Peru
Current southern Peruvian operations include the mines located at the Cuajone and Toquepala mines. The two mines produced a total of 359,655 tons of copper in 2007, with Cuajone producing 182,117 tons and Toquepala producing 177,538 tons respectively.
Operations in Mexico
The Cananea Mine, located in northern Mexico, produced 98,503 tons of copper in 2007. It is among the world's largest copper mines in terms of reserves, and has the longest remaining mine life of any major open-pit copper mine in the world, based on current production levels.
La Caridad Mine, located in northern Mexico, produced 124,972 tons of copper in 2007.
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