Attached files
| file | filename |
|---|---|
| 8-K - FORM 8K - SOUTHERN COPPER CORP/ | copper8k.htm |
Exhibit
99.1
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SOUTHERN
COPPER CORPORATION
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11811
North Tatum Blvd., Suite 2500 - Phoenix, AZ 85028
Telephone:
+1 (602) 494-5328 - Fax: +1 (602) 494-5317
SCC PREVAILS OVER STRIKING
MINERS
Phoenix,
AZ, February 16, 2010- Southern Copper Corporation ("SCC"), (NYSE and LSE: PCU)
announced today that a Mexican Federal Labor court ruled last Thursday, February
11, 2010, that the damages caused to the Cananea mine by the neglect and
sabotage of striking workers since the commencement of labor stoppages and
strikes in July 2007 resulted in force majeure providing legal basis for the
termination of individual and unionized employees by SCC's subsidiary, Mexicana
de Cananea, S.A. de C.V.
SCC
expects due compliance of the referred ruling by the relevant federal and state
authorities and looks forward to recovering control of the Cananea mine. SCC
believes that once the Cananea mine has been rehabilitated copper production
could reach levels comparable to those existing prior to the commencement of
labor stoppages and strikes.