Americas Mining Corp. Aug 11
- ID: 1869652
- August 2011
- Standard & Poors
Sixth-largest copper producer in the world; Long-life reserves and above-average ore grades; Low-cost structure; Vertical integration; and Geographically diversified. Cyclical industry and volatile copper prices; Labor risk in the Mexican mining industry; and Limited product diversity. Standard & Poor's Ratings Services' ratings on U.S.-based mining company Americas Mining Corp. (AMC) are aligned with the ratings on parent Grupo Mexico S.A.B. de C.V. (BBB-/Positive/--), and subsidiaries Southern Copper Corp. (SCC; BBB-/Positive/--) and Minera M-xico S.A. de C.V (BBB-/Positive/--) given the importance of Grupo Mexico's mining operations to the consolidated figures. The ratings reflect our assessment of a satisfactory business risk profile which is supported by its low-cash cost structure, geographic diversity, position as the world's sixth-largest copper producer, vertical integration, and...
Companies mentioned in this report are: Americas Mining Corp.,Minera Mexico, S.A. de C.V.,Southern Copper Corp.,Grupo Mexico S.A.B. de C.V.,Ferrocarril Mexicano, S.A. de C.V.
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