Differentiate fixed costs and variable costs. 1  Total cost is the sum of fixed and variable costs.  Variable costs change according to the quantity of a good or service being produced. The amount of materials and labor that is needed for to make a good increases in direct proportion to the number of goods produced.
Southern Copper Corporation is an American-based copper producer with major operations in Mexico and Peru. Grupo Mexico currently owns 75.1% of the company, which produced 487 thousand metric tons of copper in 2010. Major assets include the Cuajone and Toquepala mines in Peru and the Cananea mine in Mexico.
Morenci Copper Mine, Arizona, United States of America. Key Data. The Detroit Copper Company started mining at Morenci, 16km south of Silver City, Arizona, in 1872. Copper Queen Consolidated Mining bought the property in 1885, with the company name changed to Phelps Dodge in 1917.