History

Timeline

1890

(Mexico / Mining)

Asarco begins operations in Mexico.

1936

(Mexico / Infrastructure)

Start of operations of México Compañía Constructora. Its first work is the Southeast Railway.

1952

(USA / Mining)

Southern Peru Copper Corporation (SPCC) is constituted in Delaware.

1956

(Peru / Mining)

Works begin for the development of the Toquepala mine in Tacna.

1959

(Mexico / Infrastructure)

Start of operations of Perforadora México.

1960

(Mexico / Infrastructure)

Construction of the great irrigation works in Mexico begins.

1965

(Mexico / Mining)

Asarco Mexicana S. A. is constituted with 51% of Mexican capital.

1966

(Mexico / Infrastructure)

The first drill ships, Reforma and Revolucion, join PEMEX for the exploration of the Mexican coastlines.

Asarco Mexicana S. A. joins the BMV.

1968

(Mexico / Mining)

Exploration of the La Caridad deposit in Nacozari, Sonora, begins.

1974

(Mexico / Mining)

Construction of the Smelter Complex, one of the largest in the world, begins in Sonora.

Asarco Mexicana begins trading on the stock exchange under its new name: Industrial Minera México.

1976

(Peru / Mining)

The Cuajone Mining Complex begins operations.

1979

(Mexico / Mining)

The La Caridad Mining Complex begins operations.

1980

(Mexico / Infrastructure)

The first jack-ups in Mexico join PEMEX.

1982

(Mexico / Mining)

The Electrolytic Zinc Refinery began operations in San Luis Potosi.

1986

(Mexico / Mining)

The historical operation of Compañía Minera de Cananea (now, Buenavista del Cobre) is acquired in Sonora.

1987

(Mexico / Infrastructure)

Incorporation of the first semi-submersible deepwater rig.

1989

(Mexico / Mining)

The Copper Smelter of the Smelter Complex begins operations. Expansion of the La Caridad Concentrator Plant begins.

1994

Grupo Mexico begins trading on the Mexican Stock Exchange under ticker GIMMEX.

(Peru / Mining)

Southern Peru Copper Corporation acquires the Ilo Copper Refinery.

1995

(Mexico / Mining)

The SX/EW Plant of La Caridad begins operations.

1996

Southern Peru Copper Corporation began trading on the New York Stock Exchange (NYSE) and on the Lima Stock Exchange (BVL) under ticker PCU, later replaced by SCCO in 2010, to reflect Southern Copper Corporation’s global character.

1997

(Mexico / Transportation)

Grupo Mexico acquired the concessions for the Pacifico Norte and Chihuahua Pacifico railways, and the Nacozari-Nogales short line.

(Mexico / Mining)

The Copper Refinery of the Smelter Complex begins operations. Expansion of the Foundry begins.

1998

(Mexico / Transportation)

Ferrocarril Mexicano, S.A. de C.V., Ferromex, is born.

(Mexico / Mining)

The capacity of Cananea’s Concentrator Plant is increased.

Wire Rod and Precious Metals Plants begin operations at the Smelter Complex.

1999

Grupo Mexico acquires Asarco and its controlling stake in Southern Peru. Thus, it becomes an international company and takes control of Asarco’s mining operations in the US and of SPCC in Peru. It also became the 2nd company in copper reserves, the 5th producer of copper, and the 4th producer worldwide of silver.

2000

As of November, Grupo Mexico, S.A. de C.V. began trading on the stock exchange under its new name: Grupo Mexico.

2002

(Mexico / Mining)

Expansion of SX/EW Plant in Cananea begins.

2003

(Peru / Mining)

Expansion of Toquepala Concentrate Plant begins.

2005

Southern Peru Copper Corporation merges with Minera México and subsidiaries, changes its name to Southern Copper Corporation (SCC), and begins trading on the New York Stock Exchange as the most important mining company in Mexico and Peru.

(Mexico / Transportation)

Grupo Mexico’s railway division acquires 75% of the stocks of Ferrosur S.A. de C.V.

2007

(Mexico / Infrastructure)

Grupo Mexico becomes the majority shareholder of Consutec.

(Peru / Mining)

The new Foundry at Ilo begins operations.

2008

(Mexico / Infrastructure)

The incorporation of last-generation units begins, in order to create a fleet of 7 shallow-water oil rigs in the Gulf of Mexico.

2009

(Mexico / Infrastructure)

The comprehensive drilling of 159 wells in the Aceite Terciario del Golfo project (ATG Chicontepec) begins, ending in 2013.

2011

(Mexico / Infrastructure)

Grupo Mexico acquires 100% of the capital stock of Consutec and creates Grupo Mexico Servicios de Ingenieria.

The first highway concession was obtained to build and operate the high-specification A4S Salamanca-Leon highway in Guanajuato.

2012

(Mexico / Infrastructure)

The Grijalva river tunnels begin operations.

2013

(Mexico / Infrastructure)

The La Caridad combined cycle plants begin operations.

(Mexico / Mining)

The new Molybdenum Plant at Buenavista del Cobre begins operations.

2014

(Mexico / Infrastructure)

El Retiro Wind Farm in Oaxaca begins operations.

(Mexico / Mining)

The SX/EW III Plant (solvent extraction and electrowinning plant) in Buenavista del Cobre begins operations. This plant moves the largest volume of solutions in the world.

2015

(Mexico / Infrastructure)

Opening of the Salamanca-Leon highway.

(Spain / Mining)

Grupo Mexico wins the international public bidding for the exploration and exploitation of the Aznalcollar Mining Complex.

2016

(Mexico / Mining)

The Concentrator II Plant, in Buenavista del Cobre, which has the highest capacity in Mexico, began operations.