Antofagasta Minerals announced an investment in Compañía de Minas Buenaventura S.A.A. The company has entered into agreements allowing the acquisition of a cumulative stake of approximately 19% of the shares.

The mining group emphasized that Buenaventura is the largest Peruvian company in precious and base metals, listed on the Lima Stock Exchange and also listed on the New York Stock Exchange.

Jean-Paul Luksic, CEO of Antofagasta plc, stated: ‘Our investment highlights the significant potential we see in Buenaventura’s asset portfolio. We look forward to the opportunity to collaborate with this company to unlock this potential, maximizing value for Buenaventura and its various stakeholders. We emphasize a responsible and sustainable operation that advocates for the interests of communities, employees, customers, suppliers, regulatory authorities, and other stakeholders.’

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