Southern Copper Strikes Back

Southern Copper Strikes Back

Peru Economy & Policy Equity Corporate & Sovereign Strategy

by Lucien ChauvinSouthern 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 game.  "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. 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, a

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