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Other operating expenses (Tables)
 12 Months Ended
Dec. 31, 2020
Sociedad Minera Cerro Verde S.A.A. [Member]  
Disclosure Other operational expenses [Line Items]  
Schedule of other operating expenses

 

This item is made up as follows:

 

 

 

 

 

 

 

 

 

    

For the year ended

    

For the year ended

    

For the year ended

 

 

December 31, 2020

 

December 31, 2019

 

December 31, 2018

 

 

US$(000)

 

US$(000)

 

US$(000)

 

 

 

 

 

 

 

Excess of salaries limit in workers profit sharing (a)

 

17,146

 

 —

 

 —

Royalty non-income tax (b)

 

10,780

 

 —

 

 —

Optimization and prefeasibility/feasibility studies (c)

 

8,429

 
14,919

 

450

Other expenses

 

1,425

 
2,895

 

2,434

Tax contingencies

 

704

 

6,119

 

10,711

Fines and penalties (d)

 

 —

 

14,183

 

 —

Royalties, ITAN and penalties (e)

 

 —

 

 —

 

55,088

 

 

 

 

 

 

 

 

 

38,484

 

38,116

 

68,683

(a)   Corresponds to the excess of salaries limit in workers profit sharing to be transferred to the Regional Government and the National Fund for Employment’s Promotion and Training (FONDOEMPLEO), and it’s related to adjustments of previous years income tax assessments (recognized in 2020 primarily as a result of the international arbitration proceeding initiated by the Company (See Note 13(d)).

(b)   Represents current year mining royalties calculated based on revenues according to applicable tax rules (see Note 13(d)).

(c)   Represents charges related to projects for the optimization of the Company’s operating processes.

(d)   For the year ended December 31, 2019, primarily represents land right penalties with INGEMMET (US$6.8 million), SUNAT penalties related to 2012 income tax audit (US$4.7 million) and OSINERGMIN fine (US$2.7 million), which in September 2020, was declared closed and archived in favor of the Company.

(e)