Headquarters
    Peru
    Stock Exchange Listings
    BVL: BUENAVl1 - NYSE: BVN
    Workforce
    Employees: 3,450 (31/12/2018)
    Contract workers: 12,228 (31/12/2018)
    Total: 15,678 (31/12/2018)
    Geographic Footprint
    Producing countries: 1
    Known tax jurisdictions: 3
    Revenues (in BUSD)
    Total Revenue: 1.167 (31/12/2018)
    Net Income: -0.004 (31/12/2018)
    State Ownership
    No State ownership
    2017 Fatalities
    Total worker fatalities: 5
    • Employees: Not reported
    • Contract workers: Not reported
    Others: Not reported
    2018 Fatalities
    Total worker fatalities: 3
    • Employees: Not reported
    • Contract workers: Not reported
    Others: Not reported
    Home countries, where the company is headquartered
    Producing countries, where the company has mining operations
    Mine sites selected for mine-site-level assessment

    Summary of Results


    Absolute results are low overall and Buenaventura’s results are mostly limited to its formal commitments to prevent bribery and corruption, and ensure safe and healthy working conditions. Buenaventura shows one of the stronger results on systematic engagement with worker representatives in tracking the company’s performance on health and safety and designing and monitoring actions to improve health and safety.

    At the same time, Buenaventura ranks 19th among the 38 companies on mine-site-level results, with an average score of only 11% in the mine-site assessment.

    Buenaventura’s results in the company-wide assessment are below the average across all 38 companies in all six thematic areas. The company’s overall results are limited, for example, by a lack of evidence of formal commitments on human rights or a lifecycle approach. In addition, the company shows no evidence of systematic action on a number of key issues, such as conducting human rights due diligence, assessing or addressing the risks of child labour or forced labour in its operations and supply chains, or ensuring its operations respect the rights of potentially affected Indigenous Peoples. Likewise, the company shows no evidence of tracking or reviewing its performance on a number of issues including its measures to prevent bribery and corruption and its efforts to ensure gender balance on its Board and in its senior management.

    Moreover, the overall results of three of the five Buenaventura mine sites assessed in the mine-site assessment are strikingly weak. These three mine sites show no relevant evidence on nine of the ten issues: local employment, local procurement, post-closure planning, community grievances, air quality, water quality and quantity, tailings management and emergency preparedness.

    Overall results

    Economic Development

    0.50 / 6.002020

    Business Conduct

    1.09 / 6.002020

    Lifecycle Management

    0.14 / 6.002020

    Community Wellbeing

    0.17 / 6.002020

    Working Conditions

    1.25 / 6.002020

    Environmental Responsibility

    0.65 / 6.002020

    Average Mine-Site Score

    11.3%2020
    2020
    0.50
    score / 6

    Economic Development

    2020
    1.09
    score / 6

    Business Conduct

    2020
    0.14
    score / 6

    Lifecycle Management

    2020
    0.17
    score / 6

    Community Wellbeing

    2020
    1.25
    score / 6

    Working Conditions

    2020
    0.65
    score / 6

    Environmental Responsibility

    2020
    11.3
    %

    Average Mine-Site Score

    Results per measurement area

    Commitment

    (9 indicators)

    Action

    (42 indicators)

    Effectiveness

    (20 indicators)

    Results per indicator

    Economic Development

    Mine-site Results

    Mine sites selected for individual assessment (but not included in the overall company score)
    Cerro VerdeOrcopampaTambomayoUchucchacuaYanacocha
    Local Employment
    (score /3)
    0.50.00.00.00.5
    Local Procurement
    (score /3)
    1.00.00.00.01.0
    Post-Closure Plans
    (score /3)
    0.00.00.00.00.0
    Community Grievances
    (score /3)
    2.50.00.00.02.0
    Worker Grievances
    (score /3)
    0.50.50.50.50.5
    Air Quality
    (score /3)
    0.00.00.00.00.0
    Water Quality
    (score /3)
    0.00.00.00.01.5
    Water Quantity
    (score /3)
    1.00.00.00.01.0
    Tailings Management
    (score /3)
    1.00.00.00.01.0
    Emergency Preparedness
    (score /3)
    0.00.00.00.01.5
    Mine-site Score
    (%)
    21.71.71.71.730.0

    Operational mine sites

    Mine Site NameAliasesCountryCompany's share (%)ProductsMining types
    Antapite-Peru0Gold, SilverUnderground
    Breapampa-Peru0Gold, SilverOpen-pit
    Cerro Verde-Peru19.58Molybdenum, Copper, SilverOpen-pit
    CoimolacheTantahuatay 2, Ciénaga NortePeru40.1Gold, SilverOpen-pit
    Colquijirca (Marcapunta)El Brocal, Cerro de Pasco, Marcapunta NortePeru61.43CopperOpen-pit
    Colquijirca (Tajo Norte)El Brocal, Cerro de Pasco, Mercedes ChocayocPeru61.43Copper, Zinc, Lead, SilverUnderground
    Ishihuinca-Peru0GoldUnderground
    Julcani-Peru100Lead, Gold, SilverUnderground
    La Zanja-Peru53.06Gold, SilverOpen-pit
    Mallay-Peru100Zinc, Lead, Gold, SilverUnderground
    Orcopampa-Peru100Gold, SilverUnderground
    Recuperada-Peru0Lead, SilverUnderground
    Tambomayo-Peru100Zinc, Lead, Gold, SilverUnderground
    Uchucchacua-Peru100Zinc, Lead, SilverUnderground
    YanacochaSan José, La Quinua, Cerro Yanacocha, Carachugo, Maqui-MaquiPeru43.65Copper, Gold, SilverOpen-pit

    Closed mine sites (known)
    (controlled assets under care & maintenance, closure or post-closure management)

    Mine Site NameAliasesCountryCompany's share (%)ProductsMining typesYear of closure
    Angélica-Rublo Chico-Peru100Zinc, Lead, SilverUnknown0
    Ayacucho-Peru100Unknown0
    Chaquelle-Peru100Unknown0
    Colquirrumi-Peru100Copper, Zinc, Lead, Gold, SilverUnknown2004
    Esperanza-Peru100Unknown0
    Fortuna-Peru100Zinc, Lead, SilverUnderground1998
    Huachocolpa-Peru100Unknown0
    Lircay-Peru100Unknown0
    Poracota-Peru100GoldUnderground0
    Rifle-Peru100Unknown0
    Ruminaqui-Peru100Unknown0
    Shila-PaulaCediminPeru100Gold, SilverUnknown2016

    Shareholders (known)

    As of: 31/12/2018Shares (%)
    The Bank of New York Mellon (ADS)76.89%
    Compañía Minera Condesa, S.A.7.69%
    Benavides Ganoza (Roque)5.06%
    Benavides Ganoza (Raúl)5.02%
    Nuveen LLC0.37%
    The Vanguard Group, Inc.0.27%
    BlackRock Investment Management (UK) Ltd.0.15%
    Vestcor Investment Management Corporation0.12%
    Caisse de Depot et Placement du Quebec0.04%
    British Columbia Investment Management Corp.0.03%
    ITAU USA Asset Management Inc.0.01%
    Prudential Financial Securities Invt.Trust Enterprise Ltd.0.01%
    Geode Capital Management, L.L.C.<0.01%
    KBC Asset Management N.V.<0.01%
    Mirae Asset Global Investments Co., Ltd.<0.01%

    Beneficial Owners (known)

    As of: 31/12/2018Shares (%)
    Roque Benavides Ganoza5.06
    Raúl Benavides Ganoza5.03
    Diego de La Torre de la Piedra0.01

    Subsidiaries (known)

    As of: 31/12/2018Country
    Apu Coropuna S.R.L.Peru
    Cerro Hablador S.A.C.Peru
    Compañía de Minas Buenaventura Chile Ltda.Chile
    Compañía Minera Colquirrumi S.A.Peru
    Compañía Minera Condesa S.A.Peru
    Compañía Minera Nueva Italia S.A.Peru
    Consorcio Energético de Huancavelica S.A.Peru
    Contacto Corredores de Seguros S.A.Peru
    Contacto Risk Consulting S.A.Peru
    El Molle Verde S.A.C.Peru
    Empresa de Generación Huanza S.A.Peru
    Inversiones Colquijirca S.A.Peru
    Minera Azola S.A.C.Peru
    Minera Julcani S.A. de C.V.Mexico
    Minera La Zanja S.R.L.Peru

    Tax Jurisdictions (known)

    Chile

    Mexico

    Peru

    Investor / State Disputes
    (since 2014)

    No case