8-KOther Events

SOUTHERN COPPER CORP/ 8-K Report, Corporate Update (Feb 12, 2019)

Filed February 12, 2019For Securities:SCCO

Summary

Southern Copper Corporation (SCCO) filed an 8-K on February 11, 2019, reporting on significant events stemming from unprecedented rainfall in southern Peru. The Peruvian government declared a state of emergency in key regions, leading to severe damage from landslides. Unfortunately, one SCCO employee disappeared in a landslide near the Quebrada Honda tailings dam. In response, SCCO temporarily halted production at its Cuajone and Toquepala operations as a precautionary measure. The company has asserted the integrity of its Quebrada Honda tailings dam, with no anticipated spills. SCCO is cooperating fully with the Peruvian Environmental Agency's assessment and is providing substantial humanitarian and logistical support to affected local communities, including machinery, water, and supplies, highlighting the severity of the natural disaster impacting the region.

Key Highlights

  • 1Unprecedented rainfall in southern Peru led to a government-declared state of emergency.
  • 2Massive landslides caused significant damage in Tacna, Moquegua, and Arequipa.
  • 3One SCCO employee is missing following a landslide near the Quebrada Honda tailings dam.
  • 4SCCO temporarily suspended production at Cuajone and Toquepala operations as a safety precaution.
  • 5The company confirms the integrity of the Quebrada Honda tailings dam with no expected spills.
  • 6SCCO is cooperating with the Peruvian Environmental Agency (OEFA) in its assessment.
  • 7The company is providing significant aid (machinery, water, supplies) to affected local communities.

Frequently Asked Questions

Unprecedented rainfall in southern Peru triggered massive landslides, prompting the Peruvian government to declare a state of emergency and leading SCCO to temporarily halt production at its Cuajone and Toquepala operations as a precautionary measure.

Southern Copper Corporation stated that it has followed procedures to ensure the integrity of the Quebrada Honda tailings dam and is confident that no tailing spills have occurred.

SCCO is actively assisting the affected communities by supplying heavy machinery, drinking water, and other necessary supplies to regional governments and local municipalities in the most impacted areas.

One SCCO employee disappeared in a landslide near the Quebrada Honda tailings dam. The company is making every effort to locate the employee and is providing relief and support to the family.