BUENAVENTURA MINING CO INC | CIK:0001013131 | 3

  • Filed: 4/30/2018
  • Entity registrant name: BUENAVENTURA MINING CO INC (CIK: 0001013131)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1013131/000114420418023941/0001144204-18-023941-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1013131/000114420418023941/cik0001013131-20171231.xml
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    • ifrs-full:DisclosureOfCommitmentsExplanatory

    The Company has signed Letters of Guarantee with various financial institutions in accordance with the Mine Closure Regulation approved by Supreme Decree No.033-2005 of the Ministry of Energy and Mines. The table below sets out the outstanding signed commitments at year ends by financial institution. In general, these letters of guarantee are renewed annually.
     
     
     
    2017
     
    2016
     
     
     
    US$(000)
     
    US$(000)
     
     
     
     
     
     
     
     
     
    Banco de Credito del Peru (a)
     
     
    123,729
     
     
    188,000
     
    BBVA Continental
     
     
    190,000
     
     
    120,000
     
    Scotiabank
     
     
    190,000
     
     
    120,000
     
     
     
     
    503,729
     
     
    428,000
     
     
    (a)
    Letters of guarantee of Banco de Credito del Peru include US$6,321,000 and US$7,626,000 related to San Jose Reservoir Trust in 2017 and 2016, respectively.