Grupo Mexico copper-mining subsidiary, Southern Copper, said on Friday it had closed its copper smelter in San Luis Potosi, Mexico.
In a filing with the U.S. Securities and Exchange Commission Grupo Mexico said that all 300 workers at the smelter, which had been used to treat copper concentrate from a number of mines in Mexico, will be laid off.
No reason was given and the company expects no material charges due to the closure.
The smelter had an annual capacity of 230,000 tonnes per year, according to the company's website.
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