Headquarters
Peru
Stock Exchange Listings
BVL: BUENAVC1 - NYSE: BVN
Workforce
Employees: 3,119 (31/12/2020)
Contract workers: 11,578 (31/12/2020)
Total: 14,697 (31/12/2020)
Geographic Footprint
Producing countries: 1
Known tax jurisdictions: 2
Revenues (in BUSD)
Total Revenue: 0.677 (31/12/2020)
Net Income: -0.150339 (31/12/2020)
State Ownership
No State ownership
2019 Fatalities
Total worker fatalities: 2
  • Employees: Not Specified
  • Contract workers: Not Specified
Others: Not Specified
2020 Fatalities
Total worker fatalities: 0
  • Employees: Not Specified
  • Contract workers: Not Specified
Others: Not Specified
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

Economic DevelopmentBusiness ConductLifecycle ManagementCommunity WellbeingWorking ConditionsEnvironmental Responsibility0%20%40%60%80%100%
  • Buenaventura
  • RMI average
  • Collective Best Score

Absolute results are low overall and Buenaventura’s results rely largely on its formal commitments, including 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.

Buenaventura is associated with a leading practice on integrating social issues into mine closure requirements.

Buenaventura’s results in the company-wide assessment are below the average in four of the six thematic areas. The company’s overall results are limited, for example, by a lack of evidence of formal commitments on 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 or identifying and addressing how climate change can exacerbate the environmental impacts of their operations. Likewise, the company shows no evidence of tracking or reviewing its performance on a number of issues, such as the prevention and remedy of any adverse human-rights impacts.

Buenaventura ranks 17th among the 40 companies on mine-site-level results, with an average score of only 17% in the mine-site assessment. Moreover, the overall results of four of the seven Buenaventura mine sites assessed in the mine-site assessment are strikingly weak. These four mine sites show no relevant evidence on ten of the fifteen issues: local employment, local procurement, air quality, water quality, water quantity, post-closure, safety of communities, community grievances, women workers, living wage.

Overall results

Economic Development

8.30 / 100.002022
8.00 / 100.002020

Business Conduct

22.00 / 100.002022
19.00 / 100.002020

Lifecycle Management

20.30 / 100.002022
6.00 / 100.002020

Community Wellbeing

5.30 / 100.002022
4.00 / 100.002020

Working Conditions

30.00 / 100.002022
24.00 / 100.002020

Environmental Responsibility

21.50 / 100.002022
10.00 / 100.002020

Average Mine-Site Score

9%2022
2022
8
%
2020
8
%

Economic Development

2022
22
%
2020
19
%

Business Conduct

2022
20
%
2020
6
%

Lifecycle Management

2022
5
%
2020
4
%

Community Wellbeing

2022
30
%
2020
24
%

Working Conditions

2022
22
%
2020
10
%

Environmental Responsibility

2022
9
%

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)

Click on a mine site name to open its individual result page
Cerro VerdeColquijirca (Marcapunta)JulcaniOrcopampaTambomayoUchucchacuaYanacocha
Local Employment
(score /4)
0.50.00.00.00.00.00.5
Local Procurement
(score /4)
1.00.00.00.00.00.01.0
Air Quality
(score /4)
0.00.00.00.00.00.00.0
Water Quality
(score /4)
0.00.00.00.00.00.00.5
Water Quantity
(score /4)
1.00.00.00.00.00.01.0
Rehabilitation and Post-Closure
(score /4)
0.00.00.50.00.00.01.0
Tailings Management
(score /4)
1.01.01.01.01.01.01.0
Safety of Communities
(score /4)
0.00.00.00.00.00.00.0
Community Grievances
(score /4)
1.50.00.00.00.00.02.0
Safety and Health of Workers
(score /4)
0.00.50.50.50.50.50.0
Women Workers
(score /4)
0.50.00.00.00.00.00.0
Workplace Deaths and Injuries
(score /4)
2.00.50.50.50.50.51.5
Training of Workers
(score /4)
1.00.50.50.50.50.50.5
Decent Living Wage
(score /4)
1.00.00.00.00.00.00.0
Worker Grievances
(score /4)
1.51.01.01.01.01.01.5
Mine Site Score
(%)
18.06.07.06.06.06.018.0

Operational mine sites

Mine Site NameAliases/Other namesCountryCompany's share (%)ProductsMining types
Cerro Verde-Peru19.58Copper, Molybdenum, 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 ChocayocPeru61.43Gold, Silver, Lead, ZincUnderground
Julcani-Peru100Silver, Lead, GoldUnderground
La Zanja-Peru53.06Gold, SilverOpen-pit
Mallay-Peru100Silver, Lead, Zinc, GoldUnderground
Orcopampa-Peru100Gold, SilverUnderground
Tambomayo-Peru100Gold, Silver, Lead, ZincUnderground
Uchucchacua-Peru100Silver, Lead, ZincUnderground
YanacochaSan José, La Quinua, Cerro Yanacocha, Carachugo, Maqui-MaquiPeru43.65Gold, Silver, CopperOpen-pit

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

Mine Site NameAliases/Other namesCountryCompany's share (%)ProductsMining typesYear of closure
Angélica-Rublo Chico-Peru100Silver, Lead, Zinc0
Ayacucho-Peru1000
Chaquelle-Peru1000
ColquirrumiRifle RumimaquiPeru100Gold, Silver, Copper, Lead, Zinc2004
Esperanza 2001-Peru1000
Fortuna-Peru100Silver, Lead, ZincUnderground1998
Huachocolpa-Peru1000
Lircay-Peru1000
Poracota-Peru100GoldUnderground0
Rifle-Peru1000
Ruminaqui-Peru1000
Shila-PaulaCediminPeru100Gold, Silver2016

Tax Jurisdictions (known)

Mexico

Peru