Southern Peru Copper Secures $1.25B for Tía María Project

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The funds will be used to develop a project with an annual production capacity of 120,000 metric tons of refined copper, expected to begin operations in Q3 2027. The project is anticipated to generate significant economic benefits for the Arequipa region, including $24.1 billion in exports and $6.2 billion in taxes and royalties over its first 20 years of operation.

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About Southern Copper Corporation

Southern Copper Corporation is a leading integrated copper producer with exploration, mining, smelting, and refining operations. Boasting a significant presence in Peru and Mexico, the company is engaged in the extraction and production of copper, along with by-products such as molybdenum, silver, and zinc. Southern Copper's primary function is to supply raw materials critical for numerous sectors, especially construction, electronics, and renewable energy industries, where copper's conductivity and ductility are essential. Known for its large-scale mining operations and robust production capabilities, Southern Copper plays a crucial role in the global mining landscape. It provides significant contributions to the supply chain, meeting the increasing demand for copper driven by technological advancements and infrastructure projects worldwide. Based in Phoenix, Arizona, Southern Copper Corporation also underscores environmental management as part of its operational focus, aligning with global sustainability trends. The company is a pivotal player in delivering metal commodities that support economic development and technological progress on a global scale.