Founded in 1952 and currently a subsidiary of Grupo Mexico with headquarters in Mexico City, Southern Copper ranks fifth among the world’s largest copper mining companies.
In 2020, it produced just over one million tonnes of the metal, a slight increase on the previous year.
An integrated producer of copper and various minerals, Southern Copper operates mining, smelting and refining facilities in Mexico and Peru. Its major mining operations include Peru’s Toquepala and Cuajone mines and Mexico’s Buena Vista del Cobre (aka Cananea) and La Caridad mines.
Apart from copper operations, Southern Copper is also a major refiner of gold, silver, zinc, lead and molybdenum. Almost 80% of the Mexican miner’s revenue is generated through the sale of copper.