Sec Form 13D Filing - Grupo Mexico S.A.B. de C.V. filing for SOUTHERN COPPER CORP (SCCO) - 2011-10-31

Insider filing report for Changes in Beneficial Ownership

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  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Amendment No. 16)*
Under the Securities Exchange Act of 1934
SOUTHERN COPPER CORPORATION
 
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
 
(Title of Class of Securities)
843611104
 
(CUSIP Number)
Daniel Muñiz Quintanilla
Chief Financial Officer
Grupo México, S.A.B. de C.V.
Campos Elíseos No. 400
Colonia Lomas de Chapultepec
Mexico City, Mexico 11000
011-5255-1103-5000
-and-
Daniel Muñiz Quintanilla
Vice-President and Chief Financial Officer
Americas Mining Corporation
1140 E. Missouri Ave., Suite C175
Phoenix, Arizona 85014
(602) 494-5300
copy to:
Paul T. Schnell, Esq.
Paola Lozano, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
Four Times Square
New York, New York 10036
(212) 735-3000
 
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
October 28, 2010
 
(Date of Event Which Requires Filing of this Statement)
     If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
     Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent.
     * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
     The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes).

Page 1 of 7


 

                     
CUSIP No.
 
843611104 
 

 

           
1   NAMES OF REPORTING PERSONS

Grupo México, S.A.B. de C.V.
I.R.S. Identification Nos. of above persons (entities only)
13-1808503
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
 
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Mexico
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   680,000,000 (See Items 5 and 6)
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    680,000,000 (See Items 5 and 6)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  680,000,000 (See Items 5 and 6)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  80.9%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO

Page 2 of 7


 

                     
CUSIP No.
 
843611104 
 

 

           
1   NAMES OF REPORTING PERSONS

Americas Mining Corporation
I.R.S. Identification Nos. of above persons (entities only)
86-1010884
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
 
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   680,000,000 (See Items 5 and 6)
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    680,000,000 (See Items 5 and 6)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  680,000,000 (See Items 5 and 6)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  80.9%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO

Page 3 of 7


 

     This Amendment No. 16 (“Amendment No. 16”) is being filed by and on behalf of Grupo México, S.A.B. de C.V. (“Grupo México”) and Americas Mining Corporation (“AMC,” and together with Grupo México, the “Reporting Persons”), with respect to the common stock, par value $0.01, of Southern Copper Corporation, a Delaware corporation (the “Issuer”), and it hereby amends the statement of beneficial ownership on Schedule 13D originally filed on January 12, 1996, as further amended March 6, 1996, November 19, 1999, October 13, 2000, May 17, 2001, July 13, 2001, February 11, 2003, April 2, 2003, February 4, 2004, October 25, 2004, November 1, 2004, December 23, 2004, April 5, 2005, May 23, 2005, December 5, 2008, March 4, 2009 and July 23, 2010 (collectively with this Amendment No. 16, the “Schedule 13D”). Capitalized terms used herein and not defined herein have the meanings ascribed thereto in the Schedule 13D as heretofore amended.
Item 2. Identity and Background
     Item 2 is hereby amended and supplemented as follows:
     Annex I hereto sets forth the name, business address, title, present principal occupation or employment and citizenship of each director and executive officer on the date hereof of Grupo México. The information set forth in Annex I hereto is incorporated herein by reference.
     Annex II hereto sets forth the name, business address, title, present principal occupation or employment and citizenship of each director and executive officer of AMC. The information set forth in Annex II hereto is incorporated herein by reference.
     During the past five years, the Reporting Persons have not, and, to the best of their knowledge, no person listed in Annex I or Annex II hereto has been (a) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) a party to any civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws, or finding any violation with respect to such laws.
Item 4. Purpose of Transaction
     Item 4 is hereby amended and supplemented by adding the following:
     On October 28, 2011, following a meeting of the Board of Directors of each of the Reporting Persons, AMC delivered a letter (the “Withdrawal Letter”) to the Special Committee (the “Special Committee”) of the Board of Directors of the Issuer. In the Withdrawal Letter, AMC stated that in light of recent discussions with the Special Committee and other developments, it was withdrawing the proposal made in the Proposal Letter, effective immediately.
     The foregoing description of the Withdrawal Letter does not purport to be complete and is qualified in its entirety by reference to the Withdrawal Letter, which is filed as Exhibit 1 hereto and is incorporated by reference into this Item 4. On October 31, 2011, Grupo México issued a press release announcing the withdrawal of the proposal made in the Proposal Letter. A copy of the press release is filed as Exhibit 2 hereto and is incorporated by reference into this Item 4.

Page 4 of 7


 

     The Reporting Persons may from time to time acquire, purchase or sell Common Stock of the Issuer on the NYSE, in the open market, or in privately negotiated transactions, as the Reporting Persons may determine at any such time based upon their evaluation of the Issuer’s businesses and prospects, price levels of the Common Stock of the Issuer, conditions in the securities and financing markets, in the Issuer’s industry and markets, and the economy in general, regulatory developments affecting the Issuer and its industry and markets and other factors deemed relevant. In addition, the Reporting Persons may from time to time have discussions with the Issuer’s management, directors, the Special Committee and other stockholders and third parties regarding their investment in, the business and strategy of, and potential business combinations and other strategic transactions involving, the Issuer.
Item 5. Interest in Securities of the Issuer.
     Item 5 is hereby amended and supplemented by adding the following:
     (a, b) As of the date hereof, Grupo México and AMC may each be deemed to beneficially own 680,000,000 shares of Common Stock, constituting 80.9% of the total outstanding shares of Common Stock based on a total of 840,980,000 shares of Common Stock outstanding as of October 27, 2011. Grupo México and AMC do not have the sole power to vote or direct the vote of any shares of Common Stock; have the shared power to vote or direct the vote of 680,000,000 shares of Common Stock; do not have the sole power to dispose or direct the disposition of any shares of Common Stock; and have the shared power to dispose or direct the disposition of 680,000,000 shares of Common Stock.
     To the knowledge of the Reporting Persons, the following table sets forth the aggregate number and percentage of shares of Common Stock beneficially owned by the persons listed on Annexes I and II based on a total of 840,980,000 shares of Common Stock outstanding as of October 27, 2011, as well as the number of shares of Common Stock as to which each of the persons listed on Annexes I and II has the sole power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition of as of the date hereof. To the knowledge of the Reporting Persons, the persons listed below are the only persons listed on Annexes I and II who beneficially own Common Stock.
                                                 
                                            Shared power to
    Amount           Sole power to   Shared power to   Sole power to dispose   dispose or to
    beneficially   Percent   vote or direct   vote or direct the   or to direct the   direct the
Individual   owned   of class   the vote   vote   disposition of   disposition of
German Larrea
    115,600       *       115,600       0       115,600       0  
Mota-Velasco
                                               
Genaro Larrea
    9,600       *       9,600       0       9,600       0  
Mota-Velasco
                                               
Alfredo Casar
    2,400       *       2,400       0       2,400       0  
Perez
                                   
Oscar Gonzalez
    125,200       *       125,200       0       125,200       0  
Rocha
                                   
Xavier Garcia de
    3,600       *       3,600       0       3,600       0  
Quevedo Topete
                                               
Emilio Carrillo
    10,800       *       10,800       0       10,800       0  
Gamboa
                                               
Alberto de la Parra
    4,000       *       4,000       0       4,000       0  
Zavala
                                               
Juan Rebolledo
    7,200       *       7,200       0       7,200       0  
 
*   Less than 1%

Page 5 of 7


 

     (c) No transaction has been effected in the Common Stock within the past sixty days by the Reporting Persons, or to the knowledge of the Reporting Persons, by any of the persons listed on Annexes I and II.
Item 7. Material to Be Filed as Exhibits
       
Exhibit No.   Title
1
  Letter, dated October 28, 2011, from Americas Mining Corporation to Southern Copper Corporation
2
  Press Release, dated October 31, 2011

Page 6 of 7


 

SIGNATURE
     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth herein is true, complete and correct.
             
Dated: October 31, 2011
           
 
           
    GRUPO MÉXICO, S.A.B. DE C.V.    
 
           
 
  By:   /s/ Daniel Muñiz Quintanilla
 
Name: Daniel Muñiz Quintanilla
   
 
      Title: Chief Financial Officer    
 
           
    AMERICAS MINING CORPORATION    
 
           
 
  By:   /s/ Daniel Muñiz Quintanilla
 
Name: Daniel Muñiz Quintanilla
   
 
      Title: Vice-President and Chief Financial Officer    

Page 7 of 7


 

Annex I
GRUPO MÉXICO
Directors and Executive Officers
DIRECTORS AND EXECUTIVE OFFICERS OF GRUPO MÉXICO. The following table sets forth the name, principal business address, title and present principal occupation or employment of each director and executive officer of Grupo México. Each such person is a citizen of Mexico.
             
Name of Director           Present Principal Occupation
or Executive   Business Address   Title   or Employment
German Larrea
Mota-Velasco
  1140 E. Missouri Ave
Suite C175
Phoenix, AZ 85014
  Chairman of the Board and Chief Executive Officer   Chairman of the Board and Chief Executive Officer of Grupo México
 
           
Genaro Larrea
Mota-Velasco
  1140 E. Missouri Ave
Suite C175
Phoenix, AZ 85014
  Vice-President and Director   Chairman of Corporación Scribe
 
           
Alfredo Casar Perez
  Bosque de Ciruelos No. 99
11700 Mexico City
  Director   Executive President of Ferrocarril Mexicano, S.A. de C.V.
 
           
Oscar Gonzalez
Rocha
  Av. Caminos del Inca
171 Lima, Peru
  Director   Chief Executive Officer and President of Southern Copper Corporation
 
           
Xavier Garcia de
Quevedo Topete
  Campos Elíseos No. 400, Fl. 9
11000 Mexico City
  Director   President of Minera México, S.A. de C.V.
 
           
Emilio Carrillo
Gamboa
  Plaza ScotiaBank,
Blvd. Manuel Avila Camacho
1-609
11009 Mexico City
  Director   Partner of Bufete Carillo, S.C.
 
           
Fernando Ruiz Sahagun
  Vasco de Quiroga No. 2121,
Fl. 4
01210 - Mexico, D. F.
  Director   Counsel of Chevez, Ruiz, Zamarripa y Cía, S.C.
 
           
Antonio Madero
Bracho
  Monte Pelvoux No. 220, Fl. 8
11000 Mexico City
  Director   Executive President of San Luis Corporacion, S.A. de C.V.
 
           
Prudencio Lopez
Martinez
  Vasco de Quiroga No. 2121,
Fl. 2
01210 Mexico City
  Director   President of Sanvica, S.A. de C.V.
 
           
Jose Mendoza
Fernandez
  Privada Juarez No. 43
04000 Mexico City
  Director   Consultant and Former Chairman of the Board and Chief Executive Officer of Bufete Industrial, S.A. de C.V.
 
           
Valentín Diez
Morodo
  Campos Elíseos No. 400, Fl. 10
11000 Mexico City
  Director   Sales and Exports Vice-President of Grupo Modelo
 
           
Claudio X. Gonzalez
  Jaime Balmes No. 8, Fl. 9
11510 Mexico City
  Director   Chairman of the Board and General Director of Kimberly Clark de México, S.A. de C.V.
 
           
Rolando Vega Saenz
  Paseo de los Tamarindos No.
60, Fl. 5
05120 Col. Bosques de las Lomas
  Director   General Director of Seguros Atlas, S.C.
 
           
Daniel Muñiz Quintanilla
  Campos Elíseos No. 400, Fl. 12
11000 Mexico City
  Chief Financial Officer   Chief Financial Officer of Grupo México
 
           
Alberto de la Parra
Zavala
  Campos Elíseos No. 400, Fl. 12
11000 Mexico City
  Secretary and General Counsel   General Counsel of Grupo México
 
           
Juan Rebolledo
  Campos Elíseos No. 400, Fl. 12
11000 Mexico City
  Vice-President, International
Relations
  Vice-President of Grupo México

 


 

Annex II
AMC
Directors and Executive Officers
DIRECTORS AND EXECUTIVE OFFICERS OF AMC. The following table sets forth the name, principal business address, title and present principal occupation or employment of each director and executive officer of AMC. Each such person is a citizen of Mexico.
             
Name of Director           Present Principal
or Executive   Business Address   Title   Occupation or Employment
German Larrea
Mota-Velasco
  1140 E. Missouri Ave
Suite C175
Phoenix, AZ 85014
  Chairman of the Board   Chairman of the Board and Chief Executive Officer of Grupo México
 
           
Oscar Gonzalez
Rocha
  Av. Caminos Del Inca
171 Lima, Peru
  Director   Chief Executive Officer and President of Southern Copper Corporation
 
           
Xavier Garcia de
Quevedo Topete
  Campos Elíseos No. 400, Fl. 9
11000 Mexico City
  President, Chief Executive Officer and Director   President of Minera México, S.A. de C.V.
 
           
Daniel Muñiz Quintanilla
  Campos Elíseos No. 400, Fl. 12
11000 Mexico City
  Vice-President and Chief Financial Officer   Chief Financial Officer of Grupo México
 
           
Alberto de la Parra
Zavala
  Campos Elíseos No. 400, Fl. 12
11000 Mexico City
  Vice-President Legal, General Counsel and Secretary   General Counsel of Grupo México

 


 

Exhibit Index
       
Exhibit No.   Title
1
  Letter, dated October 28, 2011, from Americas Mining Corporation to Southern Copper Corporation
 
   
2
  Press Release, dated October 31, 2011