Southern Copper Strikes Back
Southern Copper faces stiff competition in Peru from new and expanding projects. But it is digging deep to keep on top as the country’s leading red metal producer.
"There are a number of companies with expansion plans, which is
pushing us to be more and more aggressive to maintain our
leadership," SCC’s executive director Oscar
González tells LatinFinance.
by Lucien Chauvin
Southern Copper Corporation (SCC) has long been a dominant
presence in Peru, with a leading position in copper. However,
growth by incoming competitors forces SCC to raise its
SCC produced 350,000
metric tons of copper in 2009 at its two mines, Cuajone and
Toquepala, in the south of Peru. The country’s
total copper production in 2009 was 1.27 million tons.
SCC was Peru’s main copper producer through the
first six months of 2010, representing 28% of output, according
to the ministry of energy and mines. González says
production would be roughly the same as in 2009. After that,
things will start to get interesting, with SCC expanding to
stay ahead of competition....
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