XML 260 R123.htm IDEA: XBRL DOCUMENT v3.20.1
Related parties - Additional Information (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Freeport Minerals Corporation [Member]    
Disclosure Of Related Party Explanatory [Line Items]    
Amounts payable, related party transactions $ 10,441 $ 8,860
Sociedad Minera Cerro Verde S.A.A. [Member]    
Disclosure Of Related Party Explanatory [Line Items]    
Description of basis for determining transaction price and type of delivery at a price based on MWDO and under a delivery type known as CIF (cost, insurance and freight)  
Amounts payable, related party transactions $ 14,088 14,874
Amounts receivable, related party transactions $ 453,070 $ 413,351
Benefits derived to key managerial personnel, Percentage 0.42 0.38
Sociedad Minera Cerro Verde S.A.A. [Member] | Stock option benefits [Member]    
Disclosure Of Related Party Explanatory [Line Items]    
Amounts payable, related party transactions $ 10,100 $ 8,900
Sociedad Minera Cerro Verde S.A.A. [Member] | Freeport Minerals Corporation [Member]    
Disclosure Of Related Party Explanatory [Line Items]    
Amounts receivable, related party transactions [1] 401,211 409,688
Sociedad Minera Cerro Verde S.A.A. [Member] | Sumitomo Metal Mining Company, Ltd. [Member]    
Disclosure Of Related Party Explanatory [Line Items]    
Amounts receivable, related party transactions [2] 10,760 12,918
Sociedad Minera Cerro Verde S.A.A. [Member] | Climax Molybdenum Marketing Corporation [Member]    
Disclosure Of Related Party Explanatory [Line Items]    
Amounts receivable, related party transactions [3] $ 5,022 $ 10,038
Sociedad Minera Cerro Verde S.A.A. [Member] | Copper concentrate [Member] | Sumitomo Metal Mining Company, Ltd. [Member] | Long-term contracts [member]    
Disclosure Of Related Party Explanatory [Line Items]    
Proportion of sales commitment made by entity, related party transactions 21.00%  
Sociedad Minera Cerro Verde S.A.A. [Member] | Molybdenum concentrate [Member] | Climax Molybdenum Marketing Corporation [Member] | Long-term contracts [member]    
Disclosure Of Related Party Explanatory [Line Items]    
Proportion of sales commitment made by entity, related party transactions 100.00%  
Bottom of range [member] | Sociedad Minera Cerro Verde S.A.A. [Member] | Copper concentrate [Member] | Freeport Minerals Corporation [Member] | Long-term contracts [member]    
Disclosure Of Related Party Explanatory [Line Items]    
Proportion of sales commitment made by entity, related party transactions 70.00%  
Top of range [member] | Sociedad Minera Cerro Verde S.A.A. [Member] | Copper concentrate [Member] | Freeport Minerals Corporation [Member] | Long-term contracts [member]    
Disclosure Of Related Party Explanatory [Line Items]    
Proportion of sales commitment made by entity, related party transactions 80.00%  
[1] Accounts receivable from FMC mainly correspond to sales of copper concentrate and copper cathode. The Company has a long-term agreement with FMC through which it has committed to sell between 70% and 80% of its annual copper concentrate production through December 31, 2021. Terms of the contracts are reviewed annually.
[2] The Company has a long-term agreement with Sumitomo through which it has committed to sell 21% of its annual copper concentrates production through December 31, 2021. Terms of the contracts are reviewed annually.
[3] The Company has a long-term agreement with Climax Molybdenum Marketing Corporation (a wholly owned subsidiary of FMC) through which it has committed to sell 100% of its annual molybdenum concentrate production, at a price based on MWDO and under a delivery type known as CIF (cost, insurance and freight) through December 31, 2020.