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Financial risk management (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure Of Financial risk management [Line Items]  
Disclosure of maturity analysis for non-derivative financial liabilities [text block]
(f)
The long-term portion of the financial obligations held by the Group matures as follows:
 
 
 
2017
 
2016
 
 
 
US$(000)
 
US$(000)
 
 
 
 
 
 
 
 
 
Between 1 and 2 years
 
 
125,215
 
 
81,057
 
Between 2 and 5 years
 
 
427,680
 
 
474,294
 
 
 
 
552,895
 
 
555,351
 
Debt issuance costs
 
 
(3,803)
 
 
(3,119)
 
 
 
 
549,092
 
 
552,232
 
Sociedad Minera Cerro Verde S.A.A. [Member]  
Disclosure Of Financial risk management [Line Items]  
Disclosure of detailed information about foreign currency exchange rates risk [Text Block]
The table below summarizes the estimated impact on the Company’s profit before income tax for the year 2017 based on a 10% increase or decrease in future copper price while all other variables are held constant. The 10% increase is based on copper prices ranging from US$/pound 3.602 to US$/pound 3.627, and the 10% decrease is based on copper prices ranging from US$/pound 2.947 to US$/pound 2.967.
 
 
 
Effect on profit before
 
 
 
income tax
 
 
 
US$(000)
 
 
 
 
 
 
December 31, 2017
 
 
 
 
10% increase in future copper prices
 
 
83,955
 
10% decrease in future copper prices
 
 
(83,955)
 
Disclosure of maturity analysis for non-derivative financial liabilities [text block]
The following tables show the expected aging of maturity of the Company’s obligations, excluding taxes and accruals, as of December 31, 2017 and 2016:
 
 
 
On demand
 
Less than 3 months
 
3 to 12 months
 
1 to 5 years
 
Total
 
 
 
US$(000)
 
US$(000)
 
US$(000)
 
US$(000)
 
US$(000)
 
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trade accounts payable
 
 
-
 
 
194,890
 
 
68
 
 
-
 
 
194,958
 
Accounts payable - related parties
 
 
-
 
 
5,534
 
 
-
 
 
8,147
 
 
13,681
 
Other financial liabilities
 
 
-
 
 
-
 
 
-
 
 
1,268,488
 
 
1,268,488
 
Provision related to benefits to employees
 
 
-
 
 
64,339
 
 
16,406
 
 
29,158
 
 
109,903
 
Other accounts payable
 
 
-
 
 
3,374
 
 
36,808
 
 
-
 
 
40,182
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
-
 
 
268,137
 
 
53,282
 
 
1,305,793
 
 
1,627,212
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trade accounts payable
 
 
-
 
 
168,244
 
 
113
 
 
-
 
 
168,357
 
Accounts payable - related parties
 
 
-
 
 
27,134
 
 
-
 
 
7,132
 
 
34,266
 
Other financial liabilities
 
 
-
 
 
-
 
 
161
 
 
1,995,843
 
 
1,996,004
 
Provision related to benefits to employees
 
 
-
 
 
3,807
 
 
44,232
 
 
-
 
 
48,039
 
Other accounts payable
 
 
-
 
 
2,402
 
 
1,217
 
 
-
 
 
3,619
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
-
 
 
201,587
 
 
45,723
 
 
2,002,975
 
 
2,250,285