Compaņia de Minas Beunaventura

Compaņia de Minas Beunaventura is a public company based in Peru, which deals in the mining, development and exploration of precious metals including silver and gold. It is the largest company of its kind in Peru. They have mining operations set up all over the country, including Antapite, Julcani, Recuperada Orcopampa, Uchucchacua, Shila-Paula and Ishihuinca. Although it is small in scale compared to the other global mining companies, it has the majority market share in Peru. The company also has shares listed on the New York Stock Exchange in the United States.

As of 2008 Beunaventura’s leading asset is silver, producing over 9.5 million ounces at its largest mine, followed by gold, producing over 267,000 ounces at its largest gold mine. On a lower output it also produces substantial amounts of Lead and Zinc, and is also involved in diamond drilling, at an output of over 22,000.

The company promotes its current vision as being a competitive mining corporation on a global scale. They aim to set the industry standard of operations in regards to employee safety, and work towards offering opportunities that aid the integration and development of the team’s professionals, looking to maximize profits and increase value for shareholders. They claim to be completely focused on their responsibly to be sustainable and to work ethically with local communities. They have a current list of that employees must strive for. These include integrity, diligence, loyalty, respect, honesty and transparency.

Historically Compania de Minas Beunaventura was formed in July 1953, where it consistently expanded its operations until being listed on the Lima Stock Exchange in 1971. Continuing its expansion the company bought several stakes and other mining investments, including 17% in Minera Cerro Verde from Cyprus-Amax in 1996. Also in 1996 its shares became available on the New York Stock Exchange.

The company’s current corporate structure places Roque Benavides as their CEO, with several executives and directors below him.
Despite the often frowned upon methods of gold and other metal mining, Beunaventura has not come under any major fire from activists in regards to its business practices.

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