GMEXICO ranks among the most important companies in Mexico and Peru and is a significant player in the world mining market. GMEXICO is a holding company whose main activity is mining, and is one of the world largest integrated copper producers. Its Mining Division is consolidated through Americas Mining Corporation (AMC), a sub-holding company that groups the mining operations in Mexico, Peru and the United States. Also, GMEXICO conducts exploration activities in Mexico, Peru and Chile.

Americas Mining Corporation (AMC)

GMEXICO through Americas Mining Corporation ranks among the worlds largest integrated copper producer, third 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. The company operates mining units and metallurgical plants.

Minera México, S.A. de C.V.  (MM)

Minera Mexico is the largest mining company in Mexico, owned by SCC. Minera México 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 Metallurgical Complex comprise of a 90,000 metric tons per day of copper ore Concentrator Plant, a 22,000 metric tons. per year Solvent Extraction-Electro Winning (SX/EW) Refinery Plant, a 300,000 metric tons per year copper smelter, a 300,000 metric tons per year Refinery Plant, 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 Plant. 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 five 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.

Southern Copper Corporation (SCC)

Southern Copper Corporation completed the merger acquisition of Minera México, consolidating results as of April 1, 2005, creating the largest mining company in Peru, and one of the ten largest mining companies in the world listed on the New York and Peru exchanges.

Grupo México controls 75.1% of SCC through its subsidiary Americas Mining Corporation (AMC). The Peruvian mining operations comprise by two open pit mines and the metallurgical complex. An open pit mine in Toquepala, Peru, with a daily capacity of 63,000 metric tons of copper ore, and an open pit mine in Cuajone, with a daily capacity of 80,000 metric tons of copper ore concentrate.

The Metallurgical Complex is located at the Port of Ilo, Peru consist of a Smelter with an annual capacity of 290,000 metric tons, a 280,000 metric ton cathode Refinery, capable of producing 5 million ounces of silver and 10,000 ounces of gold per year.

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