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<SEC-DOCUMENT>0001275287-06-004549.txt : 20060822
<SEC-HEADER>0001275287-06-004549.hdr.sgml : 20060822
<ACCEPTANCE-DATETIME>20060822162118
ACCESSION NUMBER:		0001275287-06-004549
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060822
FILED AS OF DATE:		20060822
DATE AS OF CHANGE:		20060822

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BUENAVENTURA MINING CO INC
		CENTRAL INDEX KEY:			0001013131
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14370
		FILM NUMBER:		061048958

	BUSINESS ADDRESS:	
		STREET 1:		AVE CARLOS VILLARAN 790
		CITY:			LIMA
		STATE:			R5
		ZIP:			13
		BUSINESS PHONE:		5114192536

	MAIL ADDRESS:	
		STREET 1:		AV. CARLOS VILLARAN 790
		CITY:			LIMA
		STATE:			R5
		ZIP:			13
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>bm6967.txt
<DESCRIPTION>FORM 6-K
<TEXT>
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 6-K

                            Report of Foreign Issuer

                    Pursuant to Rule 13a-16 or 15d-16 of the
                         Securities Exchange Act of 1934

                                 August 22, 2006

                        BUENAVENTURA MINING COMPANY INC.
                 (Translation of Registrant's Name into English)

                               CARLOS VILLARAN 790
                          SANTA CATALINA, LIMA 13, PERU
                    (Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.

                           Form 20-F [X] Form 40-F [ ]

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                                 Yes [ ] No [X]

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-________________.

================================================================================

<PAGE>

     COMPANIA DE MINAS BUENAVENTURA S.A.A INCREASES CONTROLLING INTEREST IN
                     INVERSIONES MINERAS DEL SUR S.A TO 100%

VISIT OUR WEBSITE:
http://www.buenaventura.com
- ---------------------------

CONTACTS IN LIMA:                        CONTACTS IN NEW YORK:
- -----------------                        ---------------------
Roque Benavides / Carlos Galvez          Maria Barona / Peter Majeski
Compania de Minas Buenaventura S.A.A.    i-advize Corporate Communications, Inc.
Tel: (511) 419-2538 / 419-2540           Tel: (212) 406-3690
Investor Relations: Daniel Dominguez     Email: buenaventura@i-advize.com
Telf: (511) 419-2536
Email:ddominguez@buenaventura.com.pe

Lima, Peru, August 22, 2006 - Compania de Minas Buenaventura S.A.A.
("Buenaventura") (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru's largest
publicly-traded precious metals mining company announced today that its
subsidiary, Inversiones Mineras del Sur S.A (INMINSUR), repurchased the 21.96%
participation from its minority shareholders. The total payment was US$17.3
million.

As a result of this transaction, Buenaventura currently holds a 100% controlling
interest in INMINSUR.

INMINSUR operates the Antapite and Ishihuinca gold mines, located in
Huancavelica and Arequipa, respectively, and produces approximately 130,000
ounces of gold per year.

COMPANY DESCRIPTION

Compania de Minas Buenaventura S.A.A. is Peru's largest, publicly-traded
precious metals company and a major holder of mining rights in Peru. The Company
is engaged in the mining, processing, development and exploration of gold and
silver and other metals via wholly-owned mines as well as through its
participation in joint exploration projects.

Buenaventura currently operates three mines in Peru and also has controlling
interests in four mining companies as well as a minority interest in several
other mining companies in Peru. The Company owns 43.65% in Minera Yanacocha
S.R.L. (a partnership with Newmont Mining Corporation) and is one of the most
important precious metal producers in the world.

CAUTIONARY STATEMENT

This news release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, that are intended to be covered by
the safe harbor created by such sections. Such forward-looking statements
include, without limitation, statements regarding future mining or permitting
activities. Where Buenaventura expresses or implies an expectation or belief as
to future events or results, such expectation or belief is expressed in good
faith and believed to have a reasonable basis. However, forward-looking
statements are subject to risks, uncertainties and other factors, which could
cause actual results to differ materially from future results expressed,
projected or implied by such forward-looking statements. Such risks include
those concerning the Company's, Yanacocha's and Cerro Verde's costs and
expenses, results of exploration, the continued improving efficiency of
operations, prevailing market prices of gold, silver and other metals mined, the
success of joint ventures, estimates of future explorations, development and
production, subsidiaries' plans for capital expenditures, estimates of reserves
and Peruvian political, economical, legal and social developments. For a more
detailed discussion of such risks and other factors, see the company's 2003
Annual Report on Form 20-F, which is on file with the Securities and Exchange
Commission, as well as the company's other SEC filings. Buenaventura does not
undertake any obligation to release publicly revisions to any "forward-looking
statement," to reflect events or circumstances after the date of this news
release, or to reflect the occurrence of unanticipated events, except as may be
required under applicable securities laws.

<PAGE>

                                    Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                           Compania de Minas Buenaventura S.A.A.

                                           /s/ CARLOS E. GALVEZ PINILLOS
                                           -------------------------------------
                                           Carlos E. Galvez Pinillos
                                           Chief Financial Officer

Date: August 22, 2006
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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