BMV: GMEXICOB
NYSE: SCCO
BVL: SCCO
Headquarters:
Mexico
Sector:
Base metals
Government Ownership:
No State Ownership
Pre-tax Revenues (in BUSD):
8.058 (2016)
Number of employees:
30,657 (2016)
Number of workers
(employees + contract workers):
not reported
Company-reported mining worker fatalities:
  • 2015 |
    Workers: 1
  • 2016 |
    Employees: 4Contractors: 1
Home countries, where the company is headquartered
Producing countries, where the company has mining operations
Mine sites selected for mine-site-level assessment

Summary Results

Grupo México’s strongest performances are in the formal commitments it has made on business ethics, anti-bribery and corruption, and occupational health and safety. The company also shows evidence of taking measures to implement these commitments and tracking its performance on occupational health and safety.

However, Grupo México’s overall results are limited by a lack of evidence on Lifecycle Management. For example, no evidence was found of the company having committed to plan for mine closure from an early stage or systematically manage its impacts through all phases of a mining operation. Likewise, no evidence was found of Grupo México designing and planning its operations to manage post-closure transition for workers or affected communities.

Grupo México also sees some of its lower performances on Community Wellbeing issues. For example, while the company has made a commitment to respect human rights, no evidence was found of it having conducted human rights due diligence assessments or of having systematically reported on its performance in managing human rights issues.

Economic Development

0.167 / 1.000

Business Conduct

0.234 / 1.000

Lifecycle Management

0.014 / 1.000

Community Wellbeing

0.032 / 1.000

Working Conditions

0.342 / 1.000

Environmental Responsibility

0.114 / 1.000

The maximum value of 1.000 represents the aggregation of best scores achieved for all indicators in a given thematic area, taking into account all companies’ results. As the aggregate best score varies from one area to another, these charts cannot be used to compare company performances across different areas.

All company results are based on public domain data that have been sourced by RMI analysts or provided by companies. In the case of a few companies, very little information was available. It is important to note that a low score may only reflect a lack of relevant information in the company’s publicly available documentation.

Relative company performance

Commitment (11 indicators)

Action (41 indicators)

Effectiveness (21 indicators)

1.000 = aggregation of best scores for all indicators of this measurement area.

Indicator-by-indicator results

Economic Development

Selected Mine sites results

Mine sites individually assessed but not included
in the overall company score

Mine Site NameLocal Procurement (score /6.00)Local Employment (score /6.00)Community grievance mechanism (score /6.00)Workers grievance mechanism (score /6.00)Water quality and quantity (score /6.00)Biodiversity management (score /6.00)Mine site (score /6.00)
Cananea0000000.00
Cuajone0000000.00
La Caridad0000000.00
Santa Bárbara0000000.00
Toquepala0000000.00

List of all mine sites

Mine Site NameAliasesCountryCompany's share (%)ProductsMining types
CananeaBuenavista del CobreMexico85.2Copper, Gold, Molybdenum, SilverOpen-pit
CharcasMexico85.2Silver, Copper, Lead, ZincUnderground
CuajonePeru85.2Copper, Silver, Molybdenum, GoldOpen-pit
La CaridadMexico85.2Copper, Molybdenum, Gold, SilverOpen-pit
MissionUSA100Gold, Silver, Copper, MolybdenumOpen-pit
Nueva RositaMexico85.2CoalOpen-pit
RayUSA100Gold, Silver, CopperOpen-pit
San MartínMexico85.2Silver, Lead, Zinc, CopperOpen-pit
Santa BárbaraMexico85.2Copper, Lead, Silver, ZincUnderground
Santa EulaliaMexico85.2Silver, Lead, ZincUnderground
Silver BellUSA100CopperOpen-pit
TaxcoMexico85.2Gold, Silver, Copper, Lead, ZincOpen-pit
ToquepalaPeru85.2Copper, Gold, Silver, MolybdenumOpen-pit

Closed mine sites (controlled assets under care & maintenance, closure or post-closure management)

Mine Site NameAliasesCountryCompany's share (%)ProductsMining typesYear of closure
Black CloudLeadvilleUSA60CoalUnderground1999
CoyTennesseeUSA100Copper, ZincOpen-pit2001
Pasta de ConchosMexico85.2CoalUnderground2007

Main Shareholders

As of: 09/02/2018Shares (%)
Empresarios Industriales de Mexico, S.A. de C.V.38.54
Larrea Mota Velasco (Germán)15.45
Velasco Macgregor (Sara Mota)2.88
OppenheimerFunds, Inc.2.01
BlackRock Institutional Trust Company, N.A.1.78
The Vanguard Group, Inc.1.49
BNY Mellon Asset Management1.1
Dimensional Fund Advisors, L.P.1.05
Fidelity International1.05
Brown Brothers Harriman & Company0.96
Banco Inbursa, S.A. F/1783 Maximino Salazar Nava0.92
Norges Bank Investment Management (NBIM)0.77
Operadora de Fondos GBM S.A.B. de C.V.0.62
Lazard Asset Management, L.L.C.0.48
Impulsora de Fondos Banamex S.A. de C.V.0.45

Known Subsidiaries

As of: 31/12/2016Country
Americas Mining CorporationUSA
ASARCOUSA
Concesionaria de Infraestructura del Bajío, S.A. de C.V.Mexico
Controladora de Infraestructura Energética México, S.A. de C.V.Mexico
Controladora de Infraestructura Petrolera, S.A. de C.V.Mexico
Ferrocarril Mexicano, S.A. de C.V.Mexico
Ferrosur, S.A. de C.V.Mexico
Grupo Ferroviario Mexicano, S.A. de C.V.Mexico
Grupo Mexico, SAB de C.V.Mexico
Grupo México Servicios de Ingeniería, S.A. de C.V.Mexico
Grupo México Transportes, S.A. de C.V.Mexico
Infraestructura y Transportes Ferroviarios, S.A. de C.V.Mexico
Intermodal México, S.A. de C.V.Mexico
México Compañía Constructora, S.A. de C.V.Mexico
México Proyectos y Desarrollos, S.A. de C.V.Mexico

Known Tax Jurisdictions

MexicoPeruUSA

Recent involvements in Investor/State investment disputes (since 2014)

No case

Disclaimer

The findings, conclusions and interpretations within this 2018 Responsible Mining Index (RMI) report do not necessarily represent the views of funders, trustees, and employees of the Responsible Mining Foundation, and others who participated in consultations and as advisors to the report.

This report is intended to be for information purposes only and is not intended as promotional material in any respect. The report is not intended to provide accounting, legal, tax or investment advice or recommendations, neither is it intended as an offer or solicitation for the purchase or sale of any financial instrument. In order to fully understand the methodology of the 2018 Responsible Mining Index, the respective sections on the website should be consulted.

The RMI seeks evidence of companies’ policies and practices on economic, environmental, social and governance (EESG) issues, but does not seek to measure the actual outcomes achieved on EESG issues. Results are based only on evidence sourced from the public domain or provided by companies as open data. Whilst this information is believed to be reliable, no guarantee can be given that it is accurate or complete, nor does it preclude the possibility that policies and practices may exist, but which the RMI has not been able to consider for purposes of assessment. In this respect, the results of the low-scoring companies do not necessarily reflect a lack of relevant policies and practices; as they may be due to a lack of public reporting by the companies, limitations in accessing information, and/or any difficulties in accessing the RMI company portal.

It should be noted that, prior to publication, all companies in the Index were invited to check the factual accuracy of the contextual data and evidence upon which the Index is based and to review company information in the RMI document library.

Although every effort has been made to verify the accuracy of translations, the English language version should be taken as the definitive version. The RMI reserves the right to publish corrigenda on its web page, and readers of the 2018 RMI report should consult the web page for corrections or clarifications https://www.responsibleminingindex.org.