[WorldKings - Wowtimes - Almanac Events & Achievements 2024] Milestones of the Southern Copper Corporation mining company in 72 years of development (1952)

18-01-2024

(worldkings.org) Southern Copper Corporation is a mining company that was founded in 1952. The current incarnation of Southern Copper can be traced to the 2005 acquisition of Southern Peru Copper Corporation by the Mexican copper producer Minera México.

The firm is the eighth largest copper smelting company. The firm ranks among the world's largest producers of molybdenum, silver, and zinc. The company is a major producer and refiner of copper, molybdenum, zinc, silver, lead, and gold, and operates mines and smelters in Mexico and in Peru, in the Andes mountains southeast of Lima.

 

 

The company’s milestones: 

1952: Southern Peru Copper Corporation (“SPCC”) was incorporated in the State of Delaware, United States.

1954: Exploitation of the Toquepala mine in Tacna, Peru A branch was established in Peru, which signed a bilateral agreement with the Peruvian Government for the development and exploitation of the Toquepala mine in Tacna, Peru.

1965: The mining company ASARCO S.A. changed its name to ASARCO Mexicana S.A. de CV, by increasing the Mexican capital share to 51%.

1968: Mexicana de Cobre was established and began operations with explorations at La Caridad deposit in Nacozari, Sonora.

1974: It started the construction of La Caridad, one of the largest mining-metallurgical complexes in the world.

1978: Grupo Industrial Minera Mexico S.A. de C.V. was established with Mexican capital. La Caridad Concentrator Plant began operations in 1979, with a grinding capacity of 72,000 t/day.

 

 

1982: Operations began at the new San Luis Potosí zinc refinery, designed to produce 105,000 MT annually.

1991: SPCC signed a Basis Agreement with the Peruvian Government and started a Capital Investment program of $445 million.

1997: The Peruvian government approved the Environmental Management Adaptation Program (PAMA).

2003: The Ilo Smelter modernization project began to improve efficiency in copper production to capture at least 92% of SO2 emissions and smelt 1.1 million tons of copper concentrate per year.

2010: Southern Copper Corporation (SCCO) becomes the company with the largest copper reserves in the world.

 

 

2020: Despite the COVID-19 pandemic, Southern Copper, for the first time in its history, exceeds the barrier of one million tons of copper; reaching to produce 1,001,369 tons.

2023: Southern Copper’s production to increase by 17% in 2023 to 400,000 tonnes , a significant turnaround from last year’s results.

According to southerncoppercorp.com; en.wikipedia.org. Source of photos: internet 


Bee (Collect) - WORLDKINGS (Source of photos: Internet)

 

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