Americas Mining Corporation (AMC), is an American holding company in charge of mining operations with the following subsidiaries in Peru through Southern Peru Copper Corporation (“SPCC”) and in Mexico through Minera Mexico (“MM”), both subsidiaries belong to Southern Copper Corporation (“SCC”); in the United States with Asarco LLC (“ASARCO”); and in Spain through AMC Mining Iberia, S.L.U. (“AMC IBERIA”).It’s main activities entail holding the capital stock of mining operating subsidiaries; holding cash and short-term investments; and contributing funds to, or receiving funds from, subsidiaries involved in mining operations or providing services to other subsidiaries.

ABOUT OUR SUBSIDIARIES AND AFFILIATES

SOUTHERN COPPER CORPORATION
Minera (MÉXICO) | Southern (PERÚ)

SCC’s shares are listed on the New York Stock Exchange and the Lima Stock Exchange under the SCCO symbol in both stock exchanges.

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ASARCO
(USA)

Operations stand for one of the most important mining operations in the United States, and are located in the southern part of the United States, in Arizona and Texas.

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AMC Iberia
Minera Los Frailes (SPAIN)

In Spain, it has a 97.31% interest in Minera Los Frailes (“Los Frailes”) and the Aznalcóllar Mining Complex consists of two pits, which will have a production of zinc, copper, lead and silver content.

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PRINCIPAL PRODUCTS

Copper

Silver

Molybdenum

Zinc

Sulfuric Acid

Gold

In 2021, the average price of copper was US$4.24/lb, 51% higher than the average for 2020. Production in 2021 had a slight decrease of 3.9% compared to the previous year, reaching 1,084,806 tons, because copper grades in ore were inferior, but in future years
our mining plans project higher productions.

We estimate that, by 2024 and in subsequent years, we will produce more than 1,300,000 tons with the entry into operation of our growth projects in México: Pilares, El Pilar, Buenavista Zinc, and in Perú: Tía María.

INVESTMENTS

  • Between 2021 and 2025, the Group plans to invest in mining in Sonora and Baja California a total of $8,893 million dollars.

  • In Arizona and Texas in the same period of time we have planned to invest $1,916 million dollars.

  • In Peru we are working on an investment program for $11,000 million dollars.

  • In Spain, Aznalcóllar will produce approximately 125 thousand tons of zinc per year, during the more than 20 years of the mine’s life.

GROWTH PROJECTS