Past year: ▲ 48%(132.39 – 216.14 USD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Aug 2010merger communication● Neutral
Southern Copper disclosed that on August 10, 2010 it formed a special committee of three independent directors to evaluate the non-binding combination proposal from its parent, Americas Mining Corporation. No new terms were given.
12 Aug 2010director interest notice● Neutral
SOUTHERN COPPER CORP/ director Sanchez Mejorada Enrique Castillo received 1,200 shares as part of the equity award.
6 Aug 2010merger communication● Neutral
Southern Copper posted the transcript of its Q2 2010 earnings call, filed under the securities rules covering the pending AMC combination.
5 Aug 2010director interest notice● Neutral
Sanchez Mejorada Enrique Castillo became a SOUTHERN COPPER CORP/ director and company insider (initial ownership filing).
3 Aug 2010quarterly activities report● Neutral
SOUTHERN COPPER CORP/ reported a quarterly net income of $313.4 million for the period ended 2010-06-30.
2 Aug 2010merger communication● Neutral
Grupo Mexico's own earnings call touched on the pending Southern Copper/AMC combination; no new terms were disclosed.
29 July 2010merger communication● Neutral
AMC and Grupo México filed under Rule 425 a legal notice plus Grupo México's July 28, 2010 second-quarter results release. It restated the AMC proposal (1.237 AMC shares per Southern Copper share) and reported net earnings of US$310 million.
29 July 2010director interest notice● Neutral
SOUTHERN COPPER CORP/ director Bonilla Luis Miguel Palomino sold 200 shares at $26.61.
29 July 2010merger communication● Neutral
Grupo México filed its July 23, 2010 announcement that its subsidiary Americas Mining Corporation had proposed, non-bindingly, an all-stock combination with Southern Copper. Public holders would receive 1.237 AMC shares per Southern Copper share and would own about 16.6% of AMC.
29 July 2010quarterly activities report● Neutral
SOUTHERN COPPER CORP/ reported a quarterly net income of $313.4 million for the period ended 2010-06-30.
23 July 2010substantial holder notice● Neutral
Grupo M&#, Americas Mining Corporation reported a SOUTHERN COPPER CORP/ shareholding of 680,000,000 shares (80.00% of votes) in a periodic institutional filing.
23 July 2010merger communication● Neutral
Grupo Mexico's subsidiary AMC made a non-binding proposal to combine with Southern Copper in an all-stock deal, offering public holders 1.237 AMC shares per Southern Copper share. Public holders would own about 16.6% of AMC, which owns ASARCO, and the offer was subject to conditions including a definitive agreement.
23 July 2010business combination● NeutralMajor
Southern Copper's controlling parent, Americas Mining Corporation (AMC, a Grupo Mexico subsidiary), proposed an all-stock combination of Southern Copper and AMC -- which also owns U.S. copper miner ASARCO -- offering public Southern Copper shareholders 1.237 AMC shares per Southern Copper share. The deal would have folded ASARCO into the public company, but would also have diluted public shareholders' effective stake (from ~20% of Southern Copper to ~16.6% of the combined AMC).
4 June 2010director interest notice● Neutral
SOUTHERN COPPER CORP/ director Bonilla Luis Miguel Palomino sold 400 shares at $29.00.
6 May 2010director interest notice● Neutral
SOUTHERN COPPER CORP/ director Genaro Larrea Mota Velasco received 1,200 shares as part of the equity award.
6 May 2010director interest notice● Neutral
SOUTHERN COPPER CORP/ director Gilberto Perezalonso Cifuentes received 1,200 shares as part of the equity award.
6 May 2010director interest notice● Neutral
SOUTHERN COPPER CORP/ Chairman of the Board German Larrea Mota Velasco received 1,200 shares as part of the equity award.
6 May 2010director interest notice● Neutral
SOUTHERN COPPER CORP/ director Perez Alfredo Casar received 1,200 shares as part of the equity award.
6 May 2010director interest notice● Neutral
SOUTHERN COPPER CORP/ director Juan Rebolledo Gout received 1,200 shares as part of the equity award.
6 May 2010director interest notice● Neutral
SOUTHERN COPPER CORP/ director Carlos Ruiz Sacristan received 1,200 shares as part of the equity award.
6 May 2010director interest notice● Neutral
SOUTHERN COPPER CORP/ director Quintanilla Daniel Muniz received 1,200 shares as part of the equity award.
6 May 2010director interest notice● Neutral
SOUTHERN COPPER CORP/ director Emilio Carrillo Gamboa received 1,200 shares as part of the equity award.
6 May 2010director interest notice● Neutral
SOUTHERN COPPER CORP/ director La Parra Zavala Alberto De received 1,200 shares as part of the equity award.
6 May 2010director interest notice● Neutral
SOUTHERN COPPER CORP/ director Kuenzler Luis Tellez received 1,200 shares as part of the equity award.
4 May 2010director interest notice● Neutral
Kuenzler Luis Tellez became a SOUTHERN COPPER CORP/ director and company insider (initial ownership filing).
4 May 2010quarterly activities report● Neutral
SOUTHERN COPPER CORP/ reported a quarterly net income of $383.2 million for the period ended 2010-03-31.
30 Apr 2010quarterly activities report● Neutral
SOUTHERN COPPER CORP/ reported a quarterly net income of $383.2 million for the period ended 2010-03-31.
19 Apr 2010material agreement● NeutralMajor
Southern Copper completed a $1.5 billion public bond offering, made up of $400 million of 5.375% notes due 2020 and $1.1 billion of 6.750% notes due 2040. Net proceeds of about $1.15 billion were to go to general corporate purposes, including its capital expenditure program.
14 Apr 2010securities registration● Neutral
SOUTHERN COPPER CORP/ filed a free-writing prospectus - marketing material for an offering in progress.
14 Apr 2010securities registration● Neutral
SOUTHERN COPPER CORP/ filed the final prospectus for a registered offering.
