Date: Thu, 20 Nov 1997 22:41:30 GMT Server: Apache/1.2.4 Last-Modified: Tue, 17 Jun 1997 15:10:25 GMT ETag: "dd488-7d1-33a6a8e1" Content-Length: 2001 Accept-Ranges: bytes Connection: close Content-Type: text/html ASARCO Southern Peru News
Southern Peru News


SPCC ELECTS OSBORNE AS NON-EXECUTIVE CHAIRMAN

NEW YORK, N.Y., February 26, 1996 -- Southern Peru Copper Corporation (NYSE and Lima Bolsa: PCU) announced today that its Board of Directors has elected Richard de J. Osborne as non-executive chairman of the board of Southern Peru Copper Corporation. Charles G. Preble will continue to serve as president and chief executive officer.

Mr. Osborne is also chairman, president and chief executive officer of ASARCO Incorporated and a director of Schering-Plough Corporation, M.I.M. Holdings Limited, Grupo Mexico, S.A. de C.V. and The Tinker Foundation Incorporated.

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 (17.7%); Phelps Dodge Overseas Capital Corporation (13.9%) and public shareholders (14.3%).



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


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