sector: Basic Materials ·
industry: Mining & Metals - Specialty ·
As of
24 Nov 2009
34.82USD
Southern Copper Corporation is an integrated copper producer. The Company produces copper, molybdenum, zinc and silver. All of its mining, smelting and refining facilities are located in Peru and in Mexico, and it conducts exploration activities in those countries and Chile. Its Peruvian copper operations involve mining, milling and flotation of copper ore to produce copper concentrates and molybdenum concentrates; the smelting of copper concentrates to produce anode copper, and the refining of anode copper to produce copper cathodes. It operates the Toquepala and Cuajone mines in the Andes mountains. The Company also operates a smelter and refinery west of the Toquepala and Cuajone mines in the coastal city of Ilo, Peru. Its Mexican operations are conducted through the Company’s subsidiary, Minera Mexico S.A. de C.V. (Minera Mexico). Minera Mexico engages principally in the mining and processing of copper, molybdenum, zinc, silver, gold and lead.
BRIEF: For the nine months ended 30 September 2009, Southern Copper Corporation's revenues decreased 41% to $2.6B. Net income decreased 63% to $566.1M. Revenues reflect a decrease in revenues from Mexican Open Pit, Mexican IMMSA Unit and Peruvian Operations segments. Net income also reflects a significant decrease in operating income and interest income. The Company is an integrated copper producer. The Company produces copper, molybdenum, zinc.
Southern Copper Corporation
11811 North Tatum Blvd.
Suite 2500
Phoenix AZ 85028
P: +1602.4945328
F: +1602.4945317