XML 123 R78.htm IDEA: XBRL DOCUMENT
v3.24.0.1

CONCENTRATION OF RISK: (Details) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2023 USD ($) item | Dec. 31, 2022 | Dec. 31, 2021
Concentration of risk |  |  |
Number of open-pit copper mines | item | 4 |  |
Number of underground poly metallic mines | item | 5 |  |
Number of smelters | item | 2 |  |
Number of refineries | item | 9 |  |
Total cash and short-term investment | $ 1,750.8 |  |
Cash equivalents |  |  |
Concentration of risk |  |  |
Total cash and short-term investment | $ 1,750.8 |  |
Percentage of total cash | 100.00% |  |
Percentage of cash in US dollars | 98.00% |  |
Cash equivalents | United States |  |  |
Concentration of risk |  |  |
Total cash and short-term investment | $ 1,294.9 |  |
Percentage of total cash | 74.00% |  |
Percentage invested in one institution of country | 14.70% |  |
Percentage invested in one institution of total cash | 10.90% |  |
Cash equivalents | Canada |  |  |
Concentration of risk |  |  |
Total cash and short-term investment | $ 122.0 |  |
Percentage of total cash | 7.00% |  |
Percentage invested in one institution of country | 100.00% |  |
Percentage invested in one institution of total cash | 7.00% |  |
Cash equivalents | Switzerland |  |  |
Concentration of risk |  |  |
Total cash and short-term investment | $ 222.3 |  |
Percentage of total cash | 12.70% |  |
Percentage invested in one institution of country | 100.00% |  |
Percentage invested in one institution of total cash | 12.70% |  |
Cash equivalents | Peru |  |  |
Concentration of risk |  |  |
Total cash and short-term investment | $ 26.5 |  |
Percentage of total cash | 1.50% |  |
Percentage invested in one institution of country | 87.80% |  |
Percentage invested in one institution of total cash | 1.30% |  |
Cash equivalents | Mexico |  |  |
Concentration of risk |  |  |
Total cash and short-term investment | $ 85.1 |  |
Percentage of total cash | 4.80% |  |
Percentage invested in one institution of country | 87.10% |  |
Percentage invested in one institution of total cash | 4.20% |  |
Accounts receivable trade | Five largest customers | Customer |  |  |
Concentration of risk |  |  |
Percentage of accounts receivable and total sales | 32.60% | 34.20% | 31.30%
Accounts receivable trade | Largest customer | Customer |  |  |
Concentration of risk |  |  |
Percentage of accounts receivable and total sales | 9.70% | 10.40% | 11.80%
Total sales | Five largest customers | Customer |  |  |
Concentration of risk |  |  |
Percentage of accounts receivable and total sales | 24.70% | 25.70% | 25.00%
Total sales | Largest customer | Customer |  |  |
Concentration of risk |  |  |
Percentage of accounts receivable and total sales | 7.70% | 6.80% | 7.20%

X
- Definition Represents the cash equivalents invested as a percentage of the total cash held by the entity as on the balance sheet. + References No definition available. + Details
Name: | scco_ConcentrationRiskCashEquivalentsInvestedAsPercentageOfTotalCash
Namespace Prefix: | scco_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the cash equivalents invested in one institution of specified country as percentage of total cash investment in that specified country. + References No definition available. + Details
Name: | scco_ConcentrationRiskCashEquivalentsInvestedInOneInstitutionOfSpecifiedCountryAsPercentageOfTotalCashInvestmentInThatSpecifiedCountry
Namespace Prefix: | scco_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the percentage of cash equivalents invested in one institution of specified country. + References No definition available. + Details
Name: | scco_ConcentrationRiskCashEquivalentsInvestedInOneInstitutionOfSpecifiedCountryPercentage
Namespace Prefix: | scco_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the percentage of the entity's total cash denominated in US dollars. + References No definition available. + Details
Name: | scco_ConcentrationRiskPercentageOfTotalCashDenominatedInUSD
Namespace Prefix: | scco_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of open pit copper mines which represent long-lived, depletable assets that represent the legal right to explore, extract and retain some or all portions of the benefits from mining. + References No definition available. + Details
Name: | scco_NumberOfOpenPitCopperMines
Namespace Prefix: | scco_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the number of refineries operated by the entity. + References No definition available. + Details
Name: | scco_NumberOfRefineries
Namespace Prefix: | scco_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the number of smelting plants operated by the entity. + References No definition available. + Details
Name: | scco_NumberOfSmelters
Namespace Prefix: | scco_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of underground poly metal mines which represent long-lived, depletable assets that represent the legal right to explore, extract and retain some or all portions of the benefits from mining. + References No definition available. + Details
Name: | scco_NumberOfUndergroundPolyMetalMines
Namespace Prefix: | scco_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Cash includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the customer may deposit additional funds at any time and effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid Investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Short-term investments, exclusive of cash equivalents, generally consist of marketable securities intended to be sold within one year (or the normal operating cycle if longer) and may include trading securities, available-for-sale securities, or held-to-maturity securities (if maturing within one year), as applicable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(9)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_CashCashEquivalentsAndShortTermInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 954 -SubTopic 310 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481027/954-310-50-2 + Details
Name: | us-gaap_ConcentrationRiskLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-21 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-20 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482861/275-10-50-18 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482861/275-10-50-20 + Details
Name: | us-gaap_ConcentrationRiskPercentage1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ConcentrationRiskByBenchmarkAxis=us-gaap_CashEquivalentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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

X
- Details
Name: | us-gaap_ConcentrationRiskByBenchmarkAxis=us-gaap_AccountsReceivableMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MajorCustomersAxis=scco_FiveLargestCustomersMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConcentrationRiskByTypeAxis=us-gaap_CustomerConcentrationRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MajorCustomersAxis=scco_LargestCustomerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConcentrationRiskByBenchmarkAxis=us-gaap_SalesRevenueNetMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |