Southern Copper Corporation, organized in Delaware and headquartered in Phoenix, Arizona, owns copper mines, smelters, and refineries in Peru and Mexico, including the Cuajone mine, the Toquepala mine, and the Tia Maria mine in Peru and the Buenavista mine and the La Caridad Mine in Mexico. In 2024, the company mined 2.1 billion pounds of copper, 21 million ounces of silver, 64 million pounds of molybdenum, and 286 million pounds of zinc.
The company is 88.9% owned by Grupo México.[1]
History
The company was founded in 1952 as a joint venture between ASARCO and Newmont. In 1955, Edward McL. Tittmann was named president and CEO and the company received a $100 million loan from the Export–Import Bank of the United States