BUENAVENTURA MINING CO INC | CIK:0001013131 |

 

The movement of bank loans for the years 2017, 2016 and 2015 is presented below:

 

		2017			2016			2015
		US$(000)			US$(000)			US$(000)
Beginning balance			55,000			285,302			40,000
New loans			341,215			200,500			344,503
Disbursements			(300,000)			(442,957)			(90,000)
Exchange difference			-			12,155			(9,201)
Final balance			96,215			55,000			285,302

 

As of December 31, 2017 and 2016, bank loans were obtained for working capital purposes, have current maturity and accrue interest at market annual rates ranging from 1.15% to 6.85% as of December 31, 2017 (1.92% to 4.14% as of December 31, 2016).