On Friday, Shares of Southern Copper Corp (NYSE:SCCO), subtract -2.79% and closed at $32.80 in the last trading session. The last trading range of the stock ranges between $31.41 and $34.79. Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce anode copper; and refining of anode copper to produce copper cathodes, in addition to molybdenum concentrate, refined silver, gold, and other materials. It operates the Toquepala, Cuajone, La Caridad, and Buenavista mine complexes, in addition to the smelting and refining plants, which produce copper with production of by-products of molybdenum, silver, and other materials. The company also operates five underground mines that produce zinc, lead, copper, silver, and gold; a coal mine that produces coal and coke; and a zinc refinery. It has interests in 77,799 hectares of exploration concessions in Peru; 145,720 hectares of exploration concessions in Mexico; 159,831 hectares of exploration concessions in Argentina; 40,758 hectares of exploration concessions in Chile; and 2,544 hectares of exploration concessions in Ecuador. The company was founded in 1952 and is based in Phoenix, Arizona.
American Electric Power Company Inc (NYSE:AEP), jumped 0.42% and closed at $59.99 in the last trading session. The last trading range of the stock ranges between $59.55 and $60.88. The company’s Market capitalization is $29.62 Billion with the total Outstanding Shares of 491.71 million. American Electric Power (AEP) has named Matthew J. Satterwhite president and chief operating officer of Kentucky Power, effective recently.
Satterwhite, who formerly served as senior counsel at AEP, assumes responsibilities for distribution operations serving 169,000 customers in eastern Kentucky, in addition to the operating unit’s safety, customer service, marketing, communications, community affairs, governmental affairs and regulatory functions. He succeeds Gregory G. Pauley, who is retiring after 42 years of service at AEP. Satterwhite reports to Charles Patton, president and chief operating officer of Appalachian Power.
“Matt’s deep regulatory experience and collaborative leadership style will strengthen our efforts to build a smarter energy infrastructure that continues to deliver safe, reliable electricity to our customers in Kentucky well into the future,” Patton said.
Satterwhite, 43, came to AEP as senior counsel in 2008. In that role, he served as a state regulatory attorney supporting Ohio, Indiana, Michigan and Kentucky. He was the lead in-house counsel for Kentucky Power in a number of proceedings before the Kentucky Public Service Commission and has represented AEP before the Supreme Court of Ohio. Before joining AEP, he served as the Public Utility Master Commissioner at the Supreme Court of Ohio for two years. Satterwhite started his career at the Ohio Attorney General’s office as an assistant attorney general representing the Public Utilities Commission of Ohio. He then joined the commission staff as legal director of its Service, Monitoring and Enforcement Department, overseeing staff attorneys, investigators and auditors responsible for industry regulation.