<SEC-DOCUMENT>0001104659-22-023735.txt : 20220323
<SEC-HEADER>0001104659-22-023735.hdr.sgml : 20220323
<ACCEPTANCE-DATETIME>20220215144853
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-22-023735
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20220215

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SOUTHERN COPPER CORP/
		CENTRAL INDEX KEY:			0001001838
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				133849074
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1440 E. MISSOURI AVENUE
		STREET 2:		SUITE 160
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85014
		BUSINESS PHONE:		602-264-1375

	MAIL ADDRESS:	
		STREET 1:		1440 E. MISSOURI AVENUE
		STREET 2:		SUITE 160
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85014

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTHERN PERU COPPER CORP/
		DATE OF NAME CHANGE:	19960726

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTHERN PERU COPPER HOLDING CO
		DATE OF NAME CHANGE:	19951006
</SEC-HEADER>
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    <TD STYLE="width: 39%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; font-size: 10pt">Executive Presidency</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent">February
14, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent">Mr.
Brad Skinner</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent">Office
Chief</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent">United
States Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent">Division
of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent">Office
of Energy &amp; Transportation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent">Washington,
D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 22.5pt; text-align: justify; text-indent: -22.5pt">Re:
Southern Copper Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 22.5pt; text-align: justify; background-color: white"><B>Form
10-K for the Fiscal Year Ended December 31, 2020 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 22.5pt; text-align: justify; background-color: white"><B>Response
Dated November 12, 2021</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 22.5pt; text-align: justify; background-color: white"><B>File
No. 001-14066</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent">Dear
Mr. Skinner:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent">On
behalf of Southern Copper Corporation (the &ldquo;Company,&rdquo; &ldquo;we&rdquo; or &ldquo;SCC&rdquo;), I, Oscar Gonzalez Rocha, the
Company&rsquo;s President and Chief Executive Officer, submit our response to your letter dated January 19, 2022, relating to the above-referenced
filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent">To
assist in the Staff&rsquo;s review of the Company&rsquo;s responses, we have preceded our response with the text (in bold type) of the
comment as stated in your letter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify"><B><I><U>Form 10-K for Fiscal Year
Ended December 31, 2020</U></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify"><B><I><U>General</U></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

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<TD STYLE="width: 0.25in"><B><I>1.</I></B></TD><TD STYLE="text-align: justify; padding-right: 18.95pt"><B><I>We note from your response to comment 2 that substantial weather-related
conditions could impact your relationships and arrangements with your major customers and suppliers by materially affecting the normal
flow of your transactions. We also note the weather-related impacts identified in your response which could &ldquo;damage transportation
infrastructures and lead to interruptions or delays in the supply of key inputs and raw materials or sold products.&rdquo; Consistent
with our prior comment 2, it appears that your disclosure should be revised to address the risk of weather-related impacts on your major
customers or suppliers.</I></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0.25in; text-align: justify; background-color: transparent"><B><I>&nbsp;</I></B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0.25in; text-align: justify; background-color: transparent"><B><I></I></B></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-top: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent"><B>SOUTHERN COPPER CORPORATION</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent">1440 E. Missouri Avenue, Suite 160, Phoenix, AZ 85014</P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent"><FONT STYLE="font-family: Times New Roman, Times, Serif">Phone: 1 (602) 264-1375 </FONT> - <FONT STYLE="font-family: Times New Roman, Times, Serif">Fax: 1 (602) 264-1397</FONT></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent">www.southerncoppercorp.com</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0.25in; text-align: justify; background-color: transparent"><B><I></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0.25in; text-align: justify; background-color: transparent"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0.25in; text-align: justify; background-color: transparent"><B><I></I></B></P>

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    <TD STYLE="width: 39%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; font-size: 10pt">Executive Presidency</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0.25in; text-align: justify; background-color: transparent"><B><I></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0.25in; text-align: justify; background-color: transparent"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">We appreciate
the Staff&rsquo;s comments. As disclosed previously, we do not believe potential climate-related impacts were material to our
relationships and arrangements with our major customers and suppliers during the three years ended December 31, 2020. As part of our
supply chain risk management strategy, we seek to ensure that our suppliers have a trustworthy supply chain structure while we
maintain continuity on our operations adjusting lead-time and security stocks as necessary. We support all of our relationships with
our customers and suppliers through contracts and negotiation processes, creating strategic partnerships along the way. Such
strategic partnerships provide, for example, railroad, construction services in case of a port closure or alternative power or
energy sources when there is power or energy shortages related to our operations. To date, weather-related conditions&nbsp;have not
posed significant issues in our relationships and arrangements with our major customers and suppliers due to such strategic
partnerships and the support from our parent company that holds leadership in other business divisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">From a long-term perspective,
however, we recognize that the risk of a material impact of changes in weather-related conditions exists and could impact our relationships
and arrangements with our major customers and suppliers in the future by affecting the normal flow of our transactions, especially seaborne
transactions. Accordingly, we will revise our future filings to clarify that potential physical impacts of climate change could affect
our major customers or suppliers. Set forth below for the Staff&rsquo;s consideration is a draft of the Company&rsquo;s proposed revision
to the risk factor addressing potential impacts of climate change on our operations. For the Staff&rsquo;s convenience, the proposed new
text is underlined below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B><I>Environmental regulation,
climate change and other regulations may increase our costs of doing business, restrict our operations or result in operational delays.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Our exploration, mining,
milling, smelting and refining activities are subject to a number of Peruvian and Mexican laws and regulations, including environmental
laws and regulations, and certain industry technical standards. Additional matters subject to regulation include, but are not limited
to, concession fees, transportation, production, water use and discharge, power use and generation, use and storage of explosives, surface
rights, housing and other facilities for workers, reclamation, taxation, labor standards, mine safety and occupational health. <U>As the
world and the countries in which we operate become more conscious of the importance of environmental aspects, we expect additional environmental
laws and regulations will be enacted over time.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Please refer to Note
13 &ldquo;Commitments and Contingencies&mdash;Environmental matters&rdquo; of our financial statements for further information on this
subject.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">The potential physical
impacts of climate change on our operations are highly uncertain and depend on the geographic location of our facilities. These may include
changes in rainfall patterns, water shortages, changes in sea levels, storm patterns and intensities, and temperatures. These effects
may adversely impact the cost, production and financial performance of our operations. <U>In addition, substantial weather-related conditions
could impact our relationships and arrangements with our major customers and suppliers by materially affecting the normal flow of our
transactions, especially seaborne transactions. For example, severe weather events could damage transportation infrastructures and lead
to interruptions or delays in the supply of key inputs and raw materials or sold products.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-top: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent"><B>SOUTHERN COPPER CORPORATION</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent">1440 E. Missouri Avenue, Suite 160, Phoenix, AZ 85014</P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent"><FONT STYLE="font-family: Times New Roman, Times, Serif">Phone: 1 (602) 264-1375 </FONT> - <FONT STYLE="font-family: Times New Roman, Times, Serif">Fax: 1 (602) 264-1397</FONT></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent">www.southerncoppercorp.com</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>

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    <TD STYLE="width: 39%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; font-size: 10pt">Executive Presidency</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">We monitor
fluctuations in weather patterns in the areas where we operate. Aligned with government efforts, we are working to measure our
carbon footprint to reduce our operations&rsquo; contributions to greenhouse gases. We also evaluate our water demand, as weather
changes may result in increases or decreases that affect our needs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Efforts to comply with
more stringent environmental protection programs in Peru and Mexico and with relevant trade agreements could impose constraints on and
imply additional costs for our operations; consequently, we may need to make significant investments in this regard in the future. We
cannot assure you that current or future legislative, regulatory or trade developments will not have adverse effects on our business,
properties, operating results, financial condition or prospects.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: Transparent"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B><I>2.</I></B></TD><TD STYLE="text-align: justify; padding-right: 18.95pt"><B><I>We note from your response to comment 3 that you do not believe the potential
impact of transition risks related to technological and other operational changes are material at this time. In addition, we note that
you believe that the demand for global and national GHG emission reduction targets did not have a material impact on your business, financial
condition, or results of operation. Please explain the bases for your conclusions regarding materiality or revise to provide expanded
disclosure regarding the effects of transition risks related to climate change.</I></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">SCC recognizes that climate
change, in the future, has the potential to generate transition risks for the Company associated with, for instance, technological and
other operational changes, changing market trends or credit risks. Based on its assessment, however, SCC does not believe at this time
such risks had a material impact on its business, financial condition or results of operation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">As noted in our prior
response, the Company has considered the potential impact of transition risks related to climate change regarding technological and other
operational changes. The Company has implemented, and is planning to implement, a number of measures intended to reduce the use of fossil
fuels and greenhouse gas (&ldquo;GHG&rdquo;) emissions while improving our power efficiency and to optimize water usage. These measures
include, for example, (i) consuming power in Peru from renewable sources with two hydroelectrical plants; (ii) using cleaner energy supplied
by affiliates of our parent, Grupo Mexico, that generate electrical power through high-efficiency combined-cycle power plants and the
El Retiro wind farm or working with our parent company as a strategic partner that could support us in the journey of low emissions alternative
fuels that may be needed in the future; (iii) planned construction of a hydroelectrical plant on the Oco&ntilde;a River in the Arequipa
Region in Peru through the Company&rsquo;s wholly owned subsidiary; (iv) implementing practices such as the improvement, redesign, conversion
and retrofitting of equipment, rational use of resources and environmental personnel training; (v) operating in Peru and Mexico water
recovery systems that help us conserve water and minimize the impact on nearby streams, reforestation programs to stabilize the surface
of the tailings dams and improve the water cycle; and (vi) operating a desalinization plant for our Ilo operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Low or zero emissions
technology for heavy duty mining trucks are not yet available commercially, but we are jointly working with the International Copper Association
(ICA) and its Global Copper Decarbonization Roadmap Task Force to guide the sector in reducing GHG emissions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-top: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent"><B>SOUTHERN COPPER CORPORATION</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent">1440 E. Missouri Avenue, Suite 160, Phoenix, AZ 85014</P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent"><FONT STYLE="font-family: Times New Roman, Times, Serif">Phone: 1 (602) 264-1375 </FONT> - <FONT STYLE="font-family: Times New Roman, Times, Serif">Fax: 1 (602) 264-1397</FONT></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent">www.southerncoppercorp.com</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

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    <TD STYLE="text-align: left; vertical-align: middle; width: 61%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><IMG SRC="tm226736d1_correspimg001.jpg" ALT="" STYLE="height: 62px; width: 235px"></FONT></TD>
    <TD STYLE="width: 39%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; font-size: 10pt">Executive Presidency</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Currently we do not
separately track the costs of implementing these measures. However, if climate-related costs are expected to become significant over
time, we will proceed to open specific accounts to track and monitor them. As an example, for COVID-19 we had an increase in labor
related costs. Consequently, we created special control accounts to record and disclose these costs. We estimate that
climate-related costs were marginal and not material for our operating costs for the fiscal year ended December 31, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">The Company has further
considered how changing market trends or credit risks may impact its business in light of the demand for global and national GHG emission
reduction targets, financial condition or results of operation. The Company acknowledges that potential climate-related changes in market
trends may include decreased demand for goods that produce significant GHG emissions or are related to carbon-based energy sources. We
believe large copper consumers may seek to acquire low or zero-emission products as a way to achieve their own GHG emission reduction
targets. Adapting to this trend inadequately or with insufficient speed might result in reputational risks, loss of market opportunities,
higher operating costs, additional taxation and/or higher financing costs for SCC. Based on these assessments, the Company does not believe
those impacts have been, or are reasonably expected to be, material at this time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">The Company will continue
to evaluate how climate-related risks might affect its financial interests and will define adequate mitigation and adaptation responses
as needed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0.25in; text-align: justify; text-indent: -16.35pt; background-color: transparent"><B><U>Closing
Comments</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0.25in; text-align: justify; text-indent: -16.35pt; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0; text-align: justify; background-color: transparent">Should
you have any questions about the responses in this letter, kindly contact our Chief Financial Officer, Mr. Raul Jacob at +(602) 264-1375
option 1 or our General Counsel, Mr. Andres Ferrero at +511-512-0440 (ext. 3201).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0.25in; text-align: justify; text-indent: -16.35pt; background-color: transparent">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0.25in; text-align: justify; text-indent: -16.35pt; background-color: transparent">Very
truly yours,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.95pt 0pt 0.25in; text-align: justify; text-indent: -16.35pt; background-color: transparent">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Oscar
    Gonzalez Rocha</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Oscar
    Gonzalez Rocha</FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">President
    and Chief Executive Officer</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  </TABLE>




<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="margin: 0pt"></P>

<!-- Field: Page; Sequence: 4; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-top: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent"><B>SOUTHERN COPPER CORPORATION</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent">1440 E. Missouri Avenue, Suite 160, Phoenix, AZ 85014</P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent"><FONT STYLE="font-family: Times New Roman, Times, Serif">Phone: 1 (602) 264-1375 </FONT> - <FONT STYLE="font-family: Times New Roman, Times, Serif">Fax: 1 (602) 264-1397</FONT></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: transparent">www.southerncoppercorp.com</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt">&nbsp;</P>

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