La Caridad refinery expanded its capacity to 932 t/day and La Caridad wire rod plant began operations with a capacity of 300 t/day.
The Environmental Management Adaptation Program (PAMA) was approved by the Peruvian government. According to it, the operations of Toquepala and Cuajone had a term of five years to adapt to what was established in the PAMA. For the Ilo smelting operation, the established term was ten years.
SPCC began trading its common shares on the first business day of 1996, both on the New York Stock Exchange (NYSE) and the Lima Stock Exchange (BVL), under the symbol PCU, which was replaced in 2010 by SCCO to reflect the global character of Southern Copper Corporation.
The LESDE Plant in La Caridad began operations in 1995 with a capacity of 60 t/day, while the sulfuric acid plant in Ilo started operations with a design capacity of 140,600 t/year, with the aim of reducing gas emissions and provide acid for leaching operations.
SPCC acquired the Ilo Copper Refinery from the Peruvian goverment, which by then had a production capacity of 190,000 t/year.
SPCC signed a Basis Agreement with the Peruvian Government and started a Capital Investment program in the amount of $445 million.
Grupo Industrial Minera Mexico S.A. de C.V. acquires the Cananea mining operation.