UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): September 23, 2013 (September 20, 2013)

 

SOUTHERN COPPER CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware

 

1-14066

 

13-3849074

(State or Other Jurisdiction
of Incorporation)

 

(Commission File Number)

 

(IRS Employer
Identification Number)

 

1440 E. Missouri Ave., Suite 160, Phoenix, AZ 85014

(Address of principal executive offices, including zip code)

 

(602) 264-1375

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

ITEM 8.01 Other Events

 

On September 20, 2013, Mr. Oscar Gonzalez Rocha, the President and Chief Executive Officer of Southern Copper Corporation (“SCC”) announced in the course of the XXXI Mining Convention in Arequipa, Peru, that SCC was planning to spend $7.1 billion in mining projects in Mexico and Peru by 2016.

 

Mr. Gonzalez Rocha stressed the importance of mining projects for Peru as a source of benefits, employment and development for the country. He referred to the Peruvian projects of SCC, principally, the Toquepala mine expansion, the Cuajone mine operation optimization, the Tia Maria project that would use sea desalinated water, the Los Chancas project in the Apurimac region, and the electrical substation Ilo 3.

 

Mr. Gonzalez Rocha also said that with these projects and the projects already under way in Mexico, such as the construction of the new concentrator and molybdenum plant at the Buenavista de Cobre mine, SCC would increase production from 640,000 tons to 1,181,000 tons of refined copper by 2016.

 

Mr. Gonzalez Rocha said that he shared the concerns of the local and regional authorities when royalties and resources are reduced but that the solution was to increase production which, when international prices increase, would result in benefits for all concerned.

 

Southern Copper Corporation is one of the largest integrated copper producers in the world and we believe we currently have the largest copper reserves in the industry.  SCC is a NYSE and Lima Stock Exchange listed company that is 81.5% owned by Grupo Mexico, a Mexican company listed on the Mexican stock exchange.  The remaining 18.5% ownership interest is held by the international investment community.  SCC operates mining units and metallurgical facilities in Mexico and Peru and conducts exploration activities in Argentina, Chile, Ecuador, Mexico and Peru.

 

2



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

SOUTHERN COPPER CORPORATION

 

 

 

 

 

 

 

By:

/s/ Raul Jacob

 

Name:

Raul Jacob

 

Title:

Vice President, Finance and Chief  Financial Officer

 

Date: September 23, 2013

 

3