Southern Copper Corp 2005 AR2
The report highlights Southern Copper Corporation's operational and financial performance for the fiscal year 2005, marked by the landmark acquisition of Minera Mexico, which doubled the company's size and mineral reserves. Financially, the company achieved record net earnings of $1.4 billion and net sales of $4.1 billion, driven by high metal prices and reduced operating costs. Key projects progressed, including the modernization of the Ilo smelter in Peru and the expansion of the Cananea SX/EW plant in Mexico. On the environmental and social front, the company advanced its PAMA commitments in Peru, initiated Clean Industry certifications in Mexico, and invested in local community programs focusing on water management, agriculture, and education.
Company: Southern Copper Corp
Sector: Mining & quarrying
Country: United States
Year: 2005
Type: AR2
Pages: 64
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Southern Copper Corp
Annual Report
The report highlights Southern Copper Corporation's operational and financial performance for the fiscal year 2005, marked by the landmark acquisition of Minera Mexico, which doubled the company's size and mineral reserves. Financially, the company achieved record net earnings of $1.4 billion and net sales of $4.1 billion, driven by high metal prices and reduced operating costs. Key projects progressed, including the modernization of the Ilo smelter in Peru and the expansion of the Cananea SX/EW plant in Mexico. On the environmental and social front, the company advanced its PAMA commitments in Peru, initiated Clean Industry certifications in Mexico, and invested in local community programs focusing on water management, agriculture, and education.
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Document Details
Report Year
2005
Reporting Period
Jan 1, 2005 - Dec 31, 2005
Fiscal Year
2005
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees