XML 62 R50.htm IDEA: XBRL DOCUMENT
v3.23.3

COMMITMENTS AND CONTINGENCIES: - Others (Details) S/ in Millions, $ in Millions |  | 1 Months Ended | 9 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | ---
Feb. 20, 2020 MWh | Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Jun. 30, 2018 USD ($) T | May 31, 2016 MW | Jul. 31, 2014 MW | Jun. 30, 2014 MW | Sep. 30, 2023 USD ($) item | Sep. 30, 2023 PEN (S/) item | Sep. 30, 2023 PEN (S/) | Dec. 31, 2022 USD ($) | Sep. 30, 2022 USD ($)
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Property net book value |  |  |  |  |  |  |  | $ 9,730.8 |  |  | $ 9,596.6 | $ 9,554.5
Commitment for capital projects |  |  |  |  |  |  |  | $ 423.2 |  |  |  |
Michiquillay |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Pre-operational period |  | 12 years |  |  |  |  |  |  |  |  |  |
Extended pre-operational period |  | 3 years |  |  |  |  |  |  |  |  |  |
Investment in projects in next five years |  | $ 20.0 |  |  |  |  |  |  |  |  |  |
Number of meters drilled | item |  |  |  |  |  |  |  | 46,500 | 46,500 |  |  |
Number of core samples obtained | item |  |  |  |  |  |  |  | 14,892 | 14,892 |  |  |
Period of investment in projects |  | 5 years |  |  |  |  |  |  |  |  |  |
Toquepala Concentrator Expansion | Peru |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Amount committed to funding for social and infrastructure improvement projects |  |  |  |  |  |  |  | $ 117.2 | S/ 445.0 |  |  |
Commitment liability recorded in the balance sheet |  |  |  |  |  |  |  | 29.8 |  |  |  |
Development Fund Moquegua Region | Peru |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Amount committed to funding for social and infrastructure improvement projects |  |  |  |  |  |  |  | $ 263.4 | S/ 1,000.0 |  |  |
Number of schools agreed for construction. | item |  |  |  |  |  |  |  | 3 | 3 |  |  |
Amount committed to funding for school projects |  |  |  |  |  |  |  | $ 4.8 | S/ 18.2 |  |  |
Amount committed for funding social and infrastructure improvement projects, build tracks and sidewalks |  |  |  |  |  |  |  | 1.7 | 6.4 |  |  |
Copper | Michiquillay | Peru |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Contingent contractual obligation |  |  |  | $ 400.0 |  |  |  |  |  |  |  |
Estimated mineralized material (in tons) | T |  |  |  | 2,288,000,000 |  |  |  |  |  |  |  |
Copper grade percentage |  |  |  | 0.43% |  |  |  |  |  |  |  |
Annual production ( in tons) | T |  |  |  | 225,000 |  |  |  |  |  |  |  |
Initial mine life |  |  |  | 25 years |  |  |  |  |  |  |  |
Contractual obligation paid on project |  |  | $ 12.5 | $ 12.5 |  |  |  |  |  |  |  |
Remaining amount to pay if project is developed |  |  | $ 375.0 |  |  |  |  |  |  |  |  |
Funding for Different Projects | Development Fund Moquegua Region | Peru |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Amount committed to funding for social and infrastructure improvement projects |  |  |  |  |  |  |  | 64.4 | 244.4 |  |  |
Educational Project | Toquepala Concentrator Expansion | Peru |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Amount committed to funding for social and infrastructure improvement projects |  |  |  |  |  |  |  | 5.0 | 18.8 |  |  |
Educational Project | Development Fund Moquegua Region | Peru |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Amount committed to funding for social and infrastructure improvement projects |  |  |  |  |  |  |  | 28.5 | 108.4 |  |  |
Amount of investment in project |  |  |  |  |  |  |  | 28.1 |  | S/ 106.6 |  |
Construction of Cularjahuira Dam | Toquepala Concentrator Expansion | Peru |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Amount committed to funding for social and infrastructure improvement projects |  |  |  |  |  |  |  | 4.1 | 15.6 |  |  |
Study Of Engineering For Collazas Dam | Toquepala Concentrator Expansion | Peru |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Amount committed to funding for social and infrastructure improvement projects |  |  |  |  |  |  |  | 0.7 | 2.6 |  |  |
Infrastructure Projects | Toquepala Concentrator Expansion | Peru |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Amount committed to funding for social and infrastructure improvement projects |  |  |  |  |  |  |  | 2.8 | 10.7 |  |  |
Irrigation Systems Projects | Toquepala Concentrator Expansion | Peru |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Amount committed to funding for social and infrastructure improvement projects |  |  |  |  |  |  |  | 1.1 | 4.1 |  |  |
Water Treatment | Development Fund Moquegua Region | Peru |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Amount committed to funding for social and infrastructure improvement projects |  |  |  |  |  |  |  | $ 27.8 | S/ 105.5 |  |  |
Percentage of progress on construction |  |  |  |  |  |  |  | 19.00% | 19.00% |  |  |
Drinking Water Project | Toquepala Concentrator Expansion | Peru |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Amount committed to funding for social and infrastructure improvement projects |  |  |  |  |  |  |  | $ 2.5 | S/ 9.6 |  |  |
Feasibility Studies and Minor Projects | Development Fund Moquegua Region | Peru |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Amount committed to funding for social and infrastructure improvement projects |  |  |  |  |  |  |  | 1.6 | 5.9 |  |  |
Social Investment For Taxes | Toquepala Concentrator Expansion | Peru |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Amount committed to funding for social and infrastructure improvement projects |  |  |  |  |  |  |  | 25.7 | 97.7 |  |  |
Social Investment For Taxes | Development Fund Moquegua Region | Peru |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Amount committed to funding for social and infrastructure improvement projects |  |  |  |  |  |  |  | $ 37.8 | S/ 143.6 |  |  |
Number of Infrastructure Projects Agreed for Construction | item |  |  |  |  |  |  |  | 3 | 3 |  |  |
Amount financed per-investment studies for basic sanitation |  |  |  |  |  |  |  | $ 0.1 | S/ 0.3 |  |  |
Social Investment For Taxes | Apurimac Region |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Number of schools agreed for construction. | item |  |  |  |  |  |  |  | 2 | 2 |  |  |
Amount committed to funding for school projects |  |  |  |  |  |  |  | $ 21.5 | S/ 81.6 |  |  |
Social Investment For Taxes | Arequipa Region |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Number of schools agreed for construction. | item |  |  |  |  |  |  |  | 2 | 2 |  |  |
Amount committed to funding for school projects |  |  |  |  |  |  |  | $ 27.5 | S/ 104.3 |  |  |
Amount committed to funding for sport infrastructure project |  |  |  |  |  |  |  | $ 0.2 | S/ 0.7 |  |  |
Electroperu S.A | Power purchase agreements | Peru |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Purchase agreement, contracted power capacity (in megawatts) | MW |  |  |  |  |  |  | 120 |  |  |  |  |
Term of power purchase agreement related to sale of power plant |  |  |  |  |  |  | 20 years |  |  |  |  |
Parque Eolico de Fenicias, S. de R.L. de C.V | Power purchase agreements | Mexico |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Term of power purchase agreement related to sale of power plant | 20 years |  |  |  |  |  |  |  |  |  |  |
Purchase agreement, contracted power capacity (in megawatts per year) | MWh | 611,400 |  |  |  |  |  |  |  |  |  |  |
Kallpa | Power purchase agreements | Peru |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Purchase agreement, contracted power capacity (in megawatts) | MW |  |  |  |  |  | 120 |  |  |  |  |  |
Term of power purchase agreement related to sale of power plant |  |  |  |  |  | 10 years |  |  |  |  |  |
Kallpa | Power purchase agreements | Peru | Maximum |  |  |  |  |  |  |  |  |  |  |  |
Other commitments: |  |  |  |  |  |  |  |  |  |  |  |
Purchase agreement, contracted power capacity (in megawatts) | MW |  |  |  |  | 80 |  |  |  |  |  |  |

X
- Definition The amount committed to funding for school projects. + References No definition available. + Details
Name: | scco_AmountCommittedForFundingSchoolProjects
Namespace Prefix: | scco_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Represents the amount committed to funding for social and infrastructure improvement projects + References No definition available. + Details
Name: | scco_AmountCommittedForFundingSocialAndInfrastructureImprovementProjects
Namespace Prefix: | scco_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Represents the amount committed to funding for social and infrastructure improvement projects to build tracks and sidewalks. + References No definition available. + Details
Name: | scco_AmountCommittedForFundingSocialAndInfrastructureImprovementProjectsBuildTracksAndSidewalks
Namespace Prefix: | scco_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount committed to funding for studies of a sport infrastructure project. + References No definition available. + Details
Name: | scco_AmountCommittedToFundingForSportsInfrastructureProject
Namespace Prefix: | scco_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount financed pre-investment studies for basic sanitation. + References No definition available. + Details
Name: | scco_AmountFinancedPreInvestmentStudiesForBasicSanitation
Namespace Prefix: | scco_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount of investment in project. + References No definition available. + Details
Name: | scco_AmountOfInvestmentInProject
Namespace Prefix: | scco_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Represents the amount paid out in the period for development projects in the Candarave province. + References No definition available. + Details
Name: | scco_AmountPaidOutForFundingUnderFinalAgreementForCandaraveProvince
Namespace Prefix: | scco_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Represents the annual production in volume during the period. + References No definition available. + Details
Name: | scco_AnnualProduction
Namespace Prefix: | scco_
Data Type: | dtr-types:massItemType
Balance Type: | na
Period Type: | duration

X
- Definition Commitment liability recorded in the balance sheet. + References No definition available. + Details
Name: | scco_CommitmentLiability
Namespace Prefix: | scco_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | scco_CommitmentsAbstract
Namespace Prefix: | scco_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the amount committed for the development of capital investment programs at its corporate operations. + References No definition available. + Details
Name: | scco_CommitmentsForCapitalProjects
Namespace Prefix: | scco_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of contingent contractual obligation on total project. + References No definition available. + Details
Name: | scco_ContingentContractualObligation
Namespace Prefix: | scco_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual obligation paid on project. + References No definition available. + Details
Name: | scco_ContractualObligationPaid
Namespace Prefix: | scco_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Represents period of extended pre-operation. + References No definition available. + Details
Name: | scco_ExtendedPreOperationalPeriod
Namespace Prefix: | scco_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of investment committed in projects in next five years. + References No definition available. + Details
Name: | scco_InvestmentInProjectsInNextFiveYears
Namespace Prefix: | scco_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The minimum initial term of mine, , in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | scco_MinimumInitialTermOfMine
Namespace Prefix: | scco_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of core samples obtained. + References No definition available. + Details
Name: | scco_NumberOfCoreSamplesObtained
Namespace Prefix: | scco_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Total number of infrastructure projects agreed for construction. + References No definition available. + Details
Name: | scco_NumberOfInfrastructureProjectsAgreedForConstruction
Namespace Prefix: | scco_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of meters drilled + References No definition available. + Details
Name: | scco_NumberOfMetersDrilled
Namespace Prefix: | scco_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Total number of schools agreed for construction. + References No definition available. + Details
Name: | scco_NumberOfSchoolsAgreedForConstruction
Namespace Prefix: | scco_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition The percentage of copper grade. + References No definition available. + Details
Name: | scco_PercentageOfCopperGrade
Namespace Prefix: | scco_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of progress on construction. + References No definition available. + Details
Name: | scco_PercentageOfProgressOnConstruction
Namespace Prefix: | scco_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The period in which investment is committed in projects. + References No definition available. + Details
Name: | scco_PeriodOfInvestmentInProjects
Namespace Prefix: | scco_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the power capacity agreed to be purchased under the power purchase agreement. + References No definition available. + Details
Name: | scco_PowerPurchaseAgreementContractualPowerCapacity
Namespace Prefix: | scco_
Data Type: | dtr-types:powerItemType
Balance Type: | na
Period Type: | duration

X
- Definition The quantity of power supply committed per year. + References No definition available. + Details
Name: | scco_PowerPurchaseAgreementSupplyCommitmentPerYear
Namespace Prefix: | scco_
Data Type: | dtr-types:energyItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the original term (in years) of the power purchase agreement completed in connection with the sale of a power plant to an independent power company. + References No definition available. + Details
Name: | scco_PowerPurchaseAgreementTerm
Namespace Prefix: | scco_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents period of pre-operation. + References No definition available. + Details
Name: | scco_PreOperationalPeriod
Namespace Prefix: | scco_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Remaining amount to be paid on contingent contractual obligation if project is developed. + References No definition available. + Details
Name: | scco_RemainingContractualObligationIfProjectDeveloped
Namespace Prefix: | scco_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Represents the total mineral resources in volume during the period. + References No definition available. + Details
Name: | scco_TotalMineralResources
Namespace Prefix: | scco_
Data Type: | dtr-types:massItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(8)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 360 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480842/942-360-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | scco_SiteAxis=scco_MichiquillayMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | scco_SiteAxis=scco_ToquepalaConcentratorExpansionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_PE
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | scco_SiteAxis=scco_DevelopmentFundMoqueguaRegionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ProductOrServiceAxis=scco_CopperMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=scco_FundingForDifferentProjectsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=scco_EducationalProjectMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=scco_ConstructionOfCularjahuiraDamMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=scco_StudyOfEngineeringForCollazasDamMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=scco_InfrastructureProjectsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=scco_IrrigationSystemsProjectsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=scco_WaterTreatmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=scco_DrinkingWaterProjectMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=scco_FeasibilityStudiesAndMinorProjectsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=scco_SocialInvestmentForTaxesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | scco_SiteAxis=scco_ApurimacRegionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | scco_SiteAxis=scco_ArequipaRegionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CounterpartyNameAxis=scco_ElectroperuSaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=scco_PowerPurchaseAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CounterpartyNameAxis=scco_ParqueEolicoDeFeniciasS.DeR.l.DeC.vMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_MX
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CounterpartyNameAxis=scco_KallpaGeneracionSaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |