Other operating expenses

12 Months Ended

Dec. 31, 2017

Sociedad Minera Cerro Verde S.A.A. [Member]

Disclosure Other operational expenses [Line Items]

Disclosure of other operating expense [text block]

18.

Other operating expenses

This item is made up as follows:

	For the year ended		For the year ended		For the year ended
	December 31, 2017		December 31, 2016		December 31, 2015
	US$(000)		US$(000)		US$(000)

Royalties, net of asset tax (ITAN) and penalties (a)		243,798		-		-
Other expenses		15,028		24,107		26,739
		258,826		24,107		26,739

(a)

Represents disputed royalties for the period December 2006 through September 2011 of US$174.8 million, net asset tax (ITAN) for the years 2009 to 2013 of US$33.6 million, profit sharing adjustments related to mining royalties of US$29.2 and penalties on disputed royalties for the period December 2006 through the year 2008 of US$6.2 million. Disputed royalties and special mining taxes for the period October 2011 through the year 2013 are recognized in “income tax expense” in the statements of comprehensive income (see Note 14(b)).