GMEXICO ranks among the most important companies in Mexico and Perú and it is a significant mining player in the world. It is a holding company of mining and transportation operations which are performed through two subsidiaries organized as follows: Americas Mining Corporation (AMC) is a sub-holding company which groups mining operations in Mexico, and Peru. Additionally, GMEXICO maintains exploration activities under progress in Chile. The second subsidiary is Infraestructura y Transportes Mexico, S.A. de C.V. (ITM), which is a sub-holding company that groups our activities in freight transportation, logistics and multi-modal services, through Grupo Ferroviario Mexicano, S.A. de C.V. (GFM), which operates the largest railroad and most profitable in the Mexican territory.

On November 25, 2005, the railroad division acquired the company Ferrosur, thus strengthening its transportation capabilities in México. This acquisition is pro-competitive and will lead to increase the railroad Division´s share in the Groups´ total revenues , flows and profits.

Mining Division:  Americas Mining Corporation (AMC)

GMEXICO through Americas Mining Corporation ranks as the world’s third largest copper producer, second in molybdenum, fourth largest producer of silver and eight largest producer of zinc. It also ranks as the world’s second largest company and first among companies publicly listed in stock markets in terms of copper ore reserves.

Minera México, S.A. de C.V.  (MM)

Minera Mexico is the largest mining company in Mexico, now owned by SCC. MM produces copper, zinc, silver, gold and molybdenum. MM is a holding company and all of its operations are conducted through subsidiaries that are grouped into three separate units. First, the Mexicana de Cobre Unit that operates an open-pit copper mine; It also operates a 90,000 metric tons per day of copper ore Concentrator, a 22,000 metric tons. per year Solvent Extraction-Electro Winning (SX/EW) Refinery, a 300,000 metric tons per year copper smelter, a 300,000 metric tons per year Refinery, a 150,000 metric tons per year Rod Plant and a 15 million ounces per year of silver and 100,000 ounces per year of gold Precious Metals Refinery. Second, the Cananea Unit, operates an open-pit copper mine that is one of the world’s largest copper ore deposits, a 80,000 metric tons per day of Copper Concentrator, and two Solvent Extraction-Electro Winning (SX/EW) Refineries with a combined capacity of 55,000 metric tons per year of electro winning copper. The Industrial Minera Mexico Unit consists of seven underground mines located in central and northern Mexico where zinc, copper, silver and gold are mined. This Unit includes an industrial processing facility for zinc and copper in San Luis Potosi and Mexico’s largest underground mine, San Martin, as well as Charcas, Mexico’s largest zinc producing mine. It also includes a coal facility in northeast Mexico.

Southern Copper Corporation (SCC)

Southern Copper Corporation completed the acquisition of Minera México in a stock- for- stock operation, consolidating results as of April 1, 2005 thus creating the second largest mining in the world in terms of copper reserves, listed in New York and Peru. SCC public shareholders amount to (24.9%). Of its capital stock It has mines, metallurgic plants and exploration projects in Perú, México and Chile.

SCC is 75.1% owned by GMEXICO through its subsidiary Americas Mining Corporation (AMC). operates the Toquepala 63,000 metric tons per day of copper ore and Cuajone 80,000 metric tons per day of ore concentrators, a Smelter of 290,000 metric tons of copper per year, a Refinery 280,000 metric tons of cathodes per year, a 55,000 metric tons per year of electro winning cathodes, and a Precious Metals Refinery, capable of producing 5 Million ounces per year of silver and 10,000 ounces of gold per year. The Industrial complex is located at the Ilo port on the Pacific Coast. As of April 2005, SCC is the owner of Minera México.

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