Company report
Summary of Results
- 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
Results per measurement area
Commitment
(9 indicators)Action
(42 indicators)Effectiveness
(20 indicators)Results per indicator
Economic Development
A.01 National and Supranational Socio-Economic Development Planning
A.02 National and Supranational Procurement
A.03 Collaborative Research and Development
A.04 Enhancing the National Skills Base
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 Verde | Colquijirca (Marcapunta) | Julcani | Orcopampa | Tambomayo | Uchucchacua | Yanacocha | |
---|---|---|---|---|---|---|---|
Local Employment (score /4) | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.5 |
Local Procurement (score /4) | 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 |
Air Quality (score /4) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Water Quality (score /4) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.5 |
Water Quantity (score /4) | 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 |
Rehabilitation and Post-Closure (score /4) | 0.0 | 0.0 | 0.5 | 0.0 | 0.0 | 0.0 | 1.0 |
Tailings Management (score /4) | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 |
Safety of Communities (score /4) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Community Grievances (score /4) | 1.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 2.0 |
Safety and Health of Workers (score /4) | 0.0 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.0 |
Women Workers (score /4) | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Workplace Deaths and Injuries (score /4) | 2.0 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 1.5 |
Training of Workers (score /4) | 1.0 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
Decent Living Wage (score /4) | 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Worker Grievances (score /4) | 1.5 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.5 |
Mine Site Score (%) | 18.0 | 6.0 | 7.0 | 6.0 | 6.0 | 6.0 | 18.0 |
Operational mine sites
Mine Site Name | Aliases/Other names | Country | Company's share (%) | Products | Mining types |
---|---|---|---|---|---|
Cerro Verde | - | Peru | 19.58 | Copper, Molybdenum, Silver | Open-pit |
Coimolache | Tantahuatay 2, Ciénaga Norte | Peru | 40.1 | Gold, Silver | Open-pit |
Colquijirca (Marcapunta) | El Brocal, Cerro de Pasco, Marcapunta Norte | Peru | 61.43 | Copper | Open-pit |
Colquijirca (Tajo Norte) | El Brocal, Cerro de Pasco, Mercedes Chocayoc | Peru | 61.43 | Gold, Silver, Lead, Zinc | Underground |
Julcani | - | Peru | 100 | Silver, Lead, Gold | Underground |
La Zanja | - | Peru | 53.06 | Gold, Silver | Open-pit |
Mallay | - | Peru | 100 | Silver, Lead, Zinc, Gold | Underground |
Orcopampa | - | Peru | 100 | Gold, Silver | Underground |
Tambomayo | - | Peru | 100 | Gold, Silver, Lead, Zinc | Underground |
Uchucchacua | - | Peru | 100 | Silver, Lead, Zinc | Underground |
Yanacocha | San José, La Quinua, Cerro Yanacocha, Carachugo, Maqui-Maqui | Peru | 43.65 | Gold, Silver, Copper | Open-pit |
Closed mine sites (known)
(controlled assets under care & maintenance, closure or post-closure management)
Mine Site Name | Aliases/Other names | Country | Company's share (%) | Products | Mining types | Year of closure |
---|---|---|---|---|---|---|
Angélica-Rublo Chico | - | Peru | 100 | Silver, Lead, Zinc | 0 | |
Ayacucho | - | Peru | 100 | 0 | ||
Chaquelle | - | Peru | 100 | 0 | ||
Colquirrumi | Rifle Rumimaqui | Peru | 100 | Gold, Silver, Copper, Lead, Zinc | 2004 | |
Esperanza 2001 | - | Peru | 100 | 0 | ||
Fortuna | - | Peru | 100 | Silver, Lead, Zinc | Underground | 1998 |
Huachocolpa | - | Peru | 100 | 0 | ||
Lircay | - | Peru | 100 | 0 | ||
Poracota | - | Peru | 100 | Gold | Underground | 0 |
Rifle | - | Peru | 100 | 0 | ||
Ruminaqui | - | Peru | 100 | 0 | ||
Shila-Paula | Cedimin | Peru | 100 | Gold, Silver | 2016 |