Southern Copper Targets US$10.2 Billion Mexico Investment

Grupo México’s subsidiary Southern Copper Corporation announced it plans to invest more than US$600 million in its Mexican mines in 2025, while also holding talks with the current federal administration to advance a larger investment pipeline valued at US$10.2 billion.

In its 2Q25 report, Southern Copper stated it is expecting to obtain permits and licenses that had been put on hold by the previous government. The planned US$600 million investment for 2025 at its existing open-pit and underground mines will be split between modernizing assets for long-term viability and improving water usage and tailings management.

The larger US$10.2 billion investment portfolio includes two major copper development projects. The El Arco project in Baja California is a copper deposit with sulfide ore reserves of over 1.23 billion t. The project plan includes an open-pit mine and a 120,000t/d concentrator. The second key project is El Pilar in Sonora, a copper greenfield project with estimated proven and probable reserves of 317Mt of ore, which is expected to produce 36,000t of copper cathodes annually using SX-EW technology.

Southern Copper also noted that its Mexican project pipeline includes potential organic growth opportunities at its Angangueo and Chalchihuites Zacatecas projects in Michoacan and Zacatecas, respectively, as well as the Empalme Smelter in Sonora, which could bolster its position as a fully integrated copper producer.