- Language: English
- Published: October 2012
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.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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.