Date: Thu, 20 Nov 1997 22:40:32 GMT Server: Apache/1.2.4 Last-Modified: Tue, 17 Jun 1997 15:10:34 GMT ETag: "dd48d-671-33a6a8ea" Content-Length: 1649 Accept-Ranges: bytes Connection: close Content-Type: text/html ASARCO Southern Peru News
Southern Peru News


SPCC DECLARES 28 CENT DIVIDEND

NEW YORK, N.Y., August 1, 1996 -- Southern Peru Copper Corporation (NYSE:PCU) today declared a quarterly dividend of 28 cents per share payable September 3, 1996 to shareholders of record at the close of business on August 15, 1996.

SPCC is the largest mining company in Peru and one of the 10 largest copper mining companies in the world. In 1995, it produced 278,600 short tons of copper, 3.0 million ounces of silver and 8.0 million pounds of molybdenum. Shareholders in SPCC are ASARCO Incorporated (NYSE:AR) (54.1%), a subsidiary of the Marmon Corporation (15.0%); Phelps Dodge Overseas Capital Corporation (13.9%) and common shareholders (17.0%).



FOR FURTHER INFORMATION:
Jerry W. Cooper (212) 510-1810
Donald M. Noyes (212) 510-1813


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