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Southern Copper history
Southern Copper company history timeline
1959: Operations begin at a mine and smelter at Toquepala.
A Peruvian military coup brought into power a nationalist regime that expropriated a subsidiary of Exxon Corporation in 1968 and also seized other United States-owned properties.
1976: A second, larger mine complex at Cuajone begins operations.
As a result of the expropriations, the Cuajone project did not qualify for low-interest Export-Import Bank loans until the United States and Peru reached a settlement in 1974. It also established a government monopoly to market Peruvian copper and announced plans to build an Ilo copper refinery, which was completed in 1976.
Reporting from Peru in 1992, Nathaniel C. Nash of the New York Times wrote that Southern Peru Copper's 5,000 workers and their 20,000 dependents received free housing, education, electricity, water, medical care, and food at the mines and Ilo.
Southern Peru Copper was reorganized into a holding company structure, effective at the beginning of 1996.
Since 1996, our common stock is listed on both the New York and Lima Stock Exchanges.
In 1997 Southern Peru Copper secured $800 million in financing for a $1.24 billion, five-year expansion of the Cuajone mine and modernization of the Ilo smelter.
Southern Peru Copper's production and income were higher in 2000.
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Zippia gives an in-depth look into the details of Southern Copper, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Southern Copper. The employee data is based on information from people who have self-reported their past or current employments at Southern Copper. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Southern Copper. The data presented on this page does not represent the view of Southern Copper and its employees or that of Zippia.
Southern Copper may also be known as or be related to SOUTHERN COPPER CORP, Southern Copper, Southern Copper Corp. and Southern Copper Corporation.