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<SEC-DOCUMENT>0001275287-07-001253.txt : 20070312
<SEC-HEADER>0001275287-07-001253.hdr.sgml : 20070312
<ACCEPTANCE-DATETIME>20070309193817
ACCESSION NUMBER:		0001275287-07-001253
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070309
FILED AS OF DATE:		20070312
DATE AS OF CHANGE:		20070309

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:		07685904

	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>bm9281.txt
<DESCRIPTION>FORM 6-K
<TEXT>
================================================================================

                                    FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                            Report of Foreign Issuer

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

                                  March 9, 2007

                        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>

                  BUENAVENTURA BUYS BACK 25% OF ITS HEDGE BOOK

Lima Peru, March 9, 2007 - Compania de Minas Buenaventura S.A.A. ("the Company"
or "Buenaventura") (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru's largest
publicly-traded precious metals mining company today announced that it has
reduced 25% of its gold hedge book by buying back 483,000 ounces.

Total payment for this transaction was US$145 million which will be financed
with its own generated cash.

The new hedge book is shown in the following Appendix.

                              TOTAL GOLD COMMITMENT
                                AS OF 03/09/2007
<TABLE>
<CAPTION>
                         2007         2008         2009         2010         2011         2012        TOTAL
                      ----------   ----------   ----------   ----------   ----------   ----------   ----------
<S>         <C>          <C>          <C>          <C>          <C>          <C>          <C>        <C>
285         Ounces       160,000      120,000      248,000      273,000      300,000      349,000    1,450,000
             $/oz         317.13       312.17       316.05       289.76       285.00       357.91       314.55
- --------   --------   ----------   ----------   ----------   ----------   ----------   ----------   ----------
290         Ounces       160,000      120,000      248,000      273,000      300,000      349,000    1,450,000
             $/oz         340.56       314.67       332.38       307.03       301.50       358.38       326.91
- --------   --------   ----------   ----------   ----------   ----------   ----------   ----------   ----------
300         Ounces       160,000      120,000      248,000      273,000      300,000      349,000    1,450,000
             $/oz         340.56       319.67       334.80       314.10       309.50       359.33       330.96
- --------   --------   ----------   ----------   ----------   ----------   ----------   ----------   ----------
345         Ounces       160,000      120,000      248,000      273,000      300,000      349,000    1,450,000
             $/oz         340.56       342.17       345.69       345.92       345.50       363.58       349.14
- --------   --------   ----------   ----------   ----------   ----------   ----------   ----------   ----------
350         Ounces       160,000      120,000      248,000      273,000      300,000      349,000    1,450,000
             $/oz         340.56       342.17       345.69       348.35       347.75       363.58       350.07
- --------   --------   ----------   ----------   ----------   ----------   ----------   ----------   ----------
385         Ounces       160,000      120,000      248,000      273,000      300,000      349,000    1,450,000
             $/oz         340.56       342.17       345.69       365.40       363.50       363.58       356.53
- --------   --------   ----------   ----------   ----------   ----------   ----------   ----------   ----------
420         Ounces       160,000      120,000      248,000      273,000      300,000      349,000    1,450,000
             $/oz         340.56       342.17       345.69       382.45       389.45       369.16       366.46
- --------   --------   ----------   ----------   ----------   ----------   ----------   ----------   ----------
436         Ounces       160,000      120,000      248,000      273,000      300,000      349,000    1,450,000
             $/oz         340.56       342.17       345.69       390.25       396.65       369.16       369.41
- --------   --------   ----------   ----------   ----------   ----------   ----------   ----------   ----------
451         Ounces       160,000      120,000      248,000      273,000      300,000      349,000    1,450,000
             $/oz         340.56       342.17       345.69       390.25       403.40       369.16       370.81
- --------   --------   ----------   ----------   ----------   ----------   ----------   ----------   ----------
</TABLE>

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), an important precious
metal producer, and 18.50% in Sociedad Minera Cerro Verde, an important Peruvian
copper producer.

<PAGE>

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: March 9, 2007
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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