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Transactions with associates companies (Tables)
 12 Months Ended
Dec. 31, 2017
Disclosure Of Transactions with associates companies [Abstract]  
Disclosure of detailed information of transactions with associates companies [Text Block]
The Group has carried out the following transactions with its associates in the years 2017, 2016 and 2015:
 
 
 
2017
 
2016
 
2015
 
 
 
US$(000)
 
US$(000)
 
US$(000)
 
 
 
 
 
 
 
 
 
 
 
 
Royalties collected to Minera Yanacocha S.R.L.:
 
 
 
 
 
 
 
 
 
 
S.M.R.L. Chaupiloma Dos de Cajamarca (c)
 
 
20,739
 
 
24,339
 
 
32,414
 
 
 
 
 
 
 
 
 
 
 
 
Services provided to Minera Yanacocha S.R.L. by:
 
 
 
 
 
 
 
 
 
 
Consorcio Energético de Huancavelica S.A. (operation and maintenance)
 
 
381
 
 
915
 
 
1,694
 
Buenaventura Ingenieros S.A (execution of specific work orders)
 
 
227
 
 
177
 
 
845
 
Consorcio Energético de Huancavelica S.A. (energy transmission)
 
 
212
 
 
-
 
 
-
 
 
 
 
2017
 
2016
 
2015
 
 
 
US$(000)
 
US$(000)
 
US$(000)
 
 
 
 
 
 
 
 
 
 
 
 
Dividends received by:
 
 
 
 
 
 
 
 
 
 
Compañía Minera Coimolache S.A.
 
 
9,823
 
 
11,390
 
 
6,691
 
Minera Yanacocha S.R.L.
 
 
-
 
 
130,950
 
 
-
 
Loans collected (granted) to:
 
 
 
 
 
 
 
 
 
 
Sociedad Minera Cerro Verde S.A.A.
 
 
124,800
 
 
-
 
 
(124,800)
 
 
 
 
 
 
 
 
 
 
 
 
Sales of supplies to Compañía Minera Coimolache S.A. by:
 
 
 
 
 
 
 
 
 
 
Compañía de Minas Buenaventura S.A.A.
 
 
2
 
 
1
 
 
56
 
Minera La Zanja S.R.L.
 
 
2
 
 
-
 
 
74
 
 
 
 
 
 
 
 
 
 
 
 
Sales of mineral to Minera Yanacocha S.R.L. by:
 
 
 
 
 
 
 
 
 
 
Minera La Zanja S.R.L.
 
 
710
 
 
-
 
 
-
 
Compañía de Minas Buenaventura S.A.A.
 
 
704
 
 
1,271
 
 
2,114
 
 
 
 
 
 
 
 
 
 
 
 
Interest income over loans granted by Compañía Minera Coimolache S.A. to:
 
 
 
 
 
 
 
 
 
 
Consorcio Energético de Huancavelica S.A.A.
 
 
-
 
 
3
 
 
19
 
 
 
 
 
 
 
 
 
 
 
 
Supplies purchase to Compañía Minera Coimolache S.A. by:
 
 
 
 
 
 
 
 
 
 
Consorcio Energético de Huancavelica S.A.A.
 
 
18
 
 
10
 
 
1
 
Minera La Zanja S.R.L.
 
 
6
 
 
10
 
 
6
 
Buenaventura Ingenieros S.A.
 
 
4
 
 
-
 
 
-
 
Compañía de Minas Buenaventura S.A.A.
 
 
-
 
 
1
 
 
29
 
 
 
 
 
 
 
 
 
 
 
 
Interest income over loans granted by associates, note 26(a)
 
 
1,685
 
 
4,164
 
 
2,286
 
 
 
 
 
 
 
 
 
 
 
 
Services provided to Compañía Minera Coimolache S.A. by:
 
 
 
 
 
 
 
 
 
 
Empresa de Generación Huanza S.A. (sale of energy)
 
 
2,137
 
 
1,679
 
 
1,676
 
Consorcio Energético de Huancavelica S.A. (construction services)
 
 
1,332
 
 
1,152
 
 
346
 
Buenaventura Ingenieros S.A (execution of specific work orders)
 
 
835
 
 
824
 
 
471
 
Consorcio Energético de Huancavelica S.A. (operation and maintenance)
 
 
178
 
 
332
 
 
559
 
 
 
 
 
 
 
 
 
 
 
 
Services provided by to Sociedad Minera Cerro Verde S.A.A. by:
 
 
 
 
 
 
 
 
 
 
Buenaventura Ingenieros S.A (execution of specific work orders)
 
 
57
 
 
-
 
 
-
 
 
 
 
2017
 
2016
 
2015
 
 
 
US$(000)
 
US$(000)
 
US$(000)
 
 
 
 
 
 
 
 
 
 
 
 
Services received by Compañía Minera Coimolache S.A. for:
 
 
 
 
 
 
 
 
 
 
Minera La Zanja S.R.L. (administrative services)
 
 
149
 
 
200
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
Purchase of assets of Compañía Minera Coimolache S.A. from:
 
 
 
 
 
 
 
 
 
 
Consorcio Energético de Huancavelica S.A. (operation and maintenance)
 
 
336
 
 
-
 
 
-
 
Disclosure Detailed information of accounts receivable and payable fromto associates [Text Block]
As a result of the transactions indicated in the paragraph (a), the Group had the following accounts receivable and payable from/to associates:
 
 
 
2017
 
2016
 
 
 
US$(000)
 
US$(000)
 
 
 
 
 
 
 
 
 
Trade and other receivables, note 7(a) -
 
 
 
 
 
 
 
Trade receivables
 
 
 
 
 
 
 
Minera Yanacocha S.R.L. (c)
 
 
6,740
 
 
7,079
 
Compañía Minera Coimolache S.A.
 
 
592
 
 
681
 
Sociedad Minera Cerro Verde S.A.A.
 
 
16
 
 
-
 
 
 
 
7,348
 
 
7,760
 
Other receivables
 
 
 
 
 
 
 
Compañía Minera Coimolache S.A.
 
 
732
 
 
240
 
Sociedad Minera Cerro Verde S.A.A. (d)
 
 
-
 
 
126,050
 
Minera Yanacocha S.R.L.
 
 
-
 
 
379
 
 
 
 
732
 
 
126,669
 
 
 
 
 
 
 
 
 
Total trade and other receivables
 
 
8,080
 
 
134,429
 
 
 
 
 
 
 
 
 
Classification by maturity:
 
 
 
 
 
 
 
Current portion
 
 
8,080
 
 
8,379
 
Non-current portion
 
 
-
 
 
126,050
 
 
 
 
 
 
 
 
 
Total trade and other receivables
 
 
8,080
 
 
134,429
 
 
 
 
 
 
 
 
 
Trade and other payables, note 14(a) -
 
 
 
 
 
 
 
Trade payables
 
 
 
 
 
 
 
Compañía Minera Coimolache S.A.
 
 
15
 
 
25
 
Minera Yanacocha S.R.L.
 
 
-
 
 
1,347
 
 
 
 
15
 
 
1,372
 
Other payables
 
 
 
 
 
 
 
Compañía Minera Coimolache S.A.
 
 
42
 
 
3
 
Other
 
 
20
 
 
-
 
 
 
 
62
 
 
3
 
 
 
 
 
 
 
 
 
Total trade and other payables
 
 
77
 
 
1,375
 
Disclosure of amounts incurred by entity for provision of key management personnel services provided by separate management entities [text block]
The Group’s key executives’ compensation (including the related income taxes assumed by the Group) for the years 2017 and 2016 are presented below:
 
 
 
2017
 
2016
 
 
 
US$(000)
 
US$(000)
 
 
 
 
 
 
 
 
 
Accounts payable:
 
 
 
 
 
 
 
Directors’ remuneration
 
 
1,641
 
 
-
 
Salaries
 
 
1,257
 
 
1,034
 
Directors’ compensations
 
 
1,200
 
 
1,016
 
Other payments to officers
 
 
1,899
 
 
598
 
 
 
 
5,997
 
 
2,648
 
 
 
 
 
 
 
 
 
Disbursements:
 
 
 
 
 
 
 
Salaries
 
 
10,530
 
 
9,922