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Transactions with related companies | 12 Months Ended
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Dec. 31, 2020
Hierarchy and fair value of financial instruments [Line Items] |
Transactions with related companies | 30. Transactions with related companies (a)The Group has carried out the following transactions with its related companies in the years 2020, 2019 and 2018:
|  | 2020 |  | 2019 |  | 2018
|  | US$(000) |  | US$(000) |  | US$(000)
Associates - |  |  |  |  |  |
Revenues from: |  |  |  |  |  |
Royalties |  | 18,638 |  | 22,297 |  | 20,385
Energy |  | 3,173 |  | 3,181 |  | 3,002
Supplies, note 26(a) |  | 890 |  | 1,259 |  | 27
Mineral |  | 211 |  | 683 |  | 1,321
Mining concessions, property, plant and equipment, note 26(a) |  | — |  | 11 |  | 30
Purchase of: |  |  |  |  |  |
Supplies |  | 55 |  | 9 |  | 44
Services rendered to: |  |  |  |  |  |
Administrative and Management services |  | 672 |  | 359 |  | 214
Services of energy transmission |  | 320 |  | 287 |  | 393
Operation and maintenance services related to energy transmission |  | 280 |  | 287 |  | 290
Constructions services |  | 72 |  | 4 |  | —
Engineering services |  | — |  | — |  | 348
Dividends received and collected from: |  |  |  |  |  |
Compañía Minera Coimolache S.A. |  | 3,649 |  | 4,011 |  | 7,623
Sociedad Minera Cerro Verde S.A.A. |  | — |  | 29,377 |  | 39,169
Joint Venture - |  |  |  |  |  |
Interest income: |  |  |  |  |  |
Transportadora Callao S.A., note 27(a) |  | 114 |  | 86 |  | 92
Non-controlling shareholders - |  |  |  |  |  |
Dividends paid to: |  |  |  |  |  |
Newmont Peru Limited - Sucursal del Perú |  | 5,140 |  | 6,500 |  | 5,560
(b)As a result of the transactions indicated in the paragraph (a), the Group had the following accounts receivable and payable from/to associates:
|  | 2020 |  | 2019
|  | US$(000) |  | US$(000)
Trade and other receivables, note 7(a) |  |  |  |
Minera Yanacocha S.R.L. |  | 5,604 |  | 5,920
Compañía Minera Coimolache S.A. |  | 469 |  | 327
|  | 6,073 |  | 6,247
Other receivables, note 7(a) |  |  |  |
Transportadora Callao S.A. |  | 2,035 |  | 1,951
Compañía Minera Coimolache S.A. |  | 277 |  | 1,016
|  | 2,312 |  | 2,967
|  | 8,385 |  | 9,214
Trade and other payables, note 14(a) |  |  |  |
Compañía Minera Coimolache S.A. |  | 141 |  | 27
Sociedad Minera Cerro Verde S.A.A. |  | − |  | 2
|  | 141 |  | 29
Other payables, note 14(a) |  |  |  |
Compañía Minera Coimolache S.A. |  | 292 |  | —
Other minor |  | 36 |  | 51
|  | 328 |  | 51
For the year ended December 31, 2020,2019 and 2018, there is no allowance for expected credit losses related to related parties accounts. (c)S.M.R.L. Chaupiloma Dos de Cajamarca - In accordance with mining lease, amended and effective on January 1, 1994, Minera Yanacocha S.R.L. pays the Group a 3% royalty based on quarterly production sold at current market prices, after deducting refinery and transportation costs. The royalty agreement expires in 2032. (d)Key officers - As of December 31, 2020 and 2019, loans to employees, directors and key personnel amounts to US $7,000 and US $31,000, respectively, are paid monthly and earn interest at market rates. There are no loans to the Group’s directors and key personnel guaranteed with Buenaventura or any of its Subsidiaries’ shares. The Group’s key executives’ compensation (including the related income taxes assumed by the Group) for the years 2020 and 2019 are presented below:
|  | 2020 |  | 2019
|  | US$(000) |  | US$(000)
Accounts payable: |  |  |  |
Directors’ remuneration |  | 1,797 |  | 1,746
Salaries |  | 856 |  | 1,020
Bonus to officers |  | 5,828 |  | 6,205
Total |  | 8,481 |  | 8,971
Disbursements: |  |  |  |
Salaries |  | 11,586 |  | 12,690
Directors’ compensations |  | 1,797 |  | 1,746
Total |  | 13,383 |  | 14,436
(e)The account receivable from Consorcio Transportadora Callao corresponds to the disbursements made between 2011 and 2013 by the subsidiary El Brocal in order to participate in the joint venture (see note 10(c)). This account receivable generates interest at an annual rate of 6.25 percent plus LIBOR at 3 months and it is estimated that it will be collected from the year 2023.
Minera Yanacocha SRL and subsidiary [Member] |
Hierarchy and fair value of financial instruments [Line Items] |
Transactions with related companies | 24. Transactions with related parties (a)The main transactions carried out by the Company with its related parties in the years 2020, 2019 and 2018 were:
|  | 2020 |  | 2019 |  | 2018
|  | US$(000) |  | US$(000) |  | US$(000)
Royalties accrued: |  |  |  |  |  |
Affiliates: |  |  |  |  |  |
S.M.R.L. Chaupiloma Dos de Cajamarca, note 18 and 1(a) |  | 18,638 |  | 22,297 |  | 20,385
Services rendered by: |  |  |  |  |  |
Affiliates: |  |  |  |  |  |
Newmont Peru S.R.L. (management services) (b) |  | 9,017 |  | 10,729 |  | 12,837
Newmont International Services |  | 5,264 |  | 10,822 |  | 5,181
Newmont USA Limited |  | 10,214 |  | 4,118 |  | 5,381
(b)Management services including key personnel are provided by a related party. (c)As a result of the transactions indicated in the paragraph (a), the Company had the following accounts receivable and payable from and (or) to affiliates:
|  | 2020 |  | 2019
|  | US$(000) |  | US$(000)
Balance receivable from related parties, note 6 |  |  |  |
Newmont International Services Limited |  | 1,431 |  | 168
Newmont USA Limited |  | 435 |  | 144
Oroplata S.A. |  | 254 |  | —
Suriname Gold Company |  | — |  | 135
NVL, USA Limited, Delaware |  | 156 |  | 102
Newmont Peru S.R.L. |  | 22 |  | 26
Newmont Global Employment Limited |  | 5 |  | 20
Others |  | (3) |  | 3
|  | 2,300 |  | 598
Balance payable for related parties, note 11 |  |  |  |
S.M.R Chaupiloma Dos de Cajamarca |  | 4,596 |  | 4,863
Newmont International Service Limited |  | 4,227 |  | 3,297
Newmont Peru S.R.L. |  | 1,033 |  | 1,101
Newmont Technologies Limited. |  | 142 |  | 1,042
Newmont USA Limited. |  | 2,366 |  | 1,034
Newmont US Carlin Limited |  | — |  | 3
Others |  | 10 |  | 86
|  | 12,374 |  | 11,426
All the balances above are of current maturity, have no specific guarantees and are not interest bearing. For the years ended December 31, 2020, 2019 and 2018, there is no allowance for expected credit losses related to related parties accounts.

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