Antofagasta Group Amends Buenaventura Mining Stake

TL;DR

**Antofagasta Group just updated their Buenaventura Mining stake, keep an eye on potential strategic moves!**

AI Summary

Antofagasta PLC/FI, a group including Jean-Paul Luksic and several establishments, filed an SC 13D/A Amendment No. 2 on February 26, 2024, regarding their ownership in Buenaventura Mining Company Inc. The filing indicates a continued interest in the issuer, with the class of securities being ADSs, each representing one common share with a nominal value of ten Peruvian Soles. The CUSIP number for these securities is 204448104.

Why It Matters

This filing updates the market on the ownership structure of Buenaventura Mining, potentially signaling strategic intentions or changes in influence from a major shareholder group.

Risk Assessment

Risk Level: low — This is an amendment to a previous filing, indicating a routine update rather than a new, high-impact event.

Key Numbers

• 204448104 — CUSIP Number (Identifies the specific class of securities (ADSs))
• 10 Peruvian Soles — Par Value (Nominal value of each common share underlying the ADSs)

Key Players & Entities

• Antofagasta PLC/FI (company) — Filing entity and group member
• Buenaventura Mining Company Inc. (company) — Subject company (issuer)
• Jean-Paul Luksic (person) — Group member
• ANDEAN LFMA INVESTMENT LTD (company) — Group member
• AUREBERG ESTABLISHMENT (company) — Group member
• E. ABAROA FOUNDATION (company) — Group member
• KUPFERBERG ESTABLISHMENT (company) — Group member
• METALINVEST ESTABLISHMENT (company) — Group member
• SEVERE STUDERE FOUNDATION (company) — Group member
• ten Peruvian Soles (dollar_amount) — Nominal value per common share

FAQ

Filing Documents

• d749320dsc13da.htm (SC 13D/A) — 136KB
• d749320dex995.htm (EX-99.5) — 4KB
• 0001193125-24-046307.txt ( ) — 143KB

of the Original Schedule 13D is hereby amended and supplemented as follows

Item 4 of the Original Schedule 13D is hereby amended and supplemented as follows: As previously disclosed, the Issuer agreed to call a general shareholders meeting on February 22, 2024 for shareholders of the Issuer to vote on the Board Size Amendment. The general shareholders meeting was held on February 22, 2024 and the Issuer disclosed publicly through a Hecho de Importancia filed with the Superintendencia del Mercado de Valores in Peru on February 22, 2024 that the Board Size Amendment was approved at the meeting. The approval of the Board Size Amendment has created two new vacancies on the Board. The Reporting Persons expect such vacancies to be filled by shareholder election at the Issuers next annual general shareholders meeting, which, in accordance with Peruvian law, must be held before the end of March, 2024. Furthermore, the Reporting Persons understand that the Board will nominate to fill such vacancies two individuals proposed by Antofagasta. The Reporting Persons plan to propose two individuals (the Antofagasta Nominees ) to the Board to be nominated by the Board for election as directors of the Issuer to fill the Board vacancies created by the approval of the Board Size Amendment. The Reporting Persons understand that the Antofagasta Nominees will be included in the proxy card (or similar voting card) sent to shareholders and ADS holders for the Issuers annual general shareholders meeting held in 2024. The Reporting Persons will support the election of the Antofagasta Nominees and may solicit votes for the Antofagasta Nominees from other shareholders or ADS holders using a proxy solicitor or similar firm. Item7. Material to be Filed as Exhibits Item7 of the Original Schedule 13D is hereby amended to add the following Exhibit: 5. Hecho de Importancia publicly filed by the Issuer on February 22, 2024 with the Superintendencia del Mercado de Valores in Peru CUSIP No. 204448104 Page 11 of 12

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Date: February 26, 2024 ANTOFAGASTA PLC By: /s/ Iván Arriagada Name: Iván Arriagada Title: Chief Executive Officer By: /s/ Andrónico Luksic Lederer Name: Andrónico Luksic Lederer Title: Vice President of Development ANDEAN LFMA INVESTMENT LIMITED By: /s/ Iván Arriagada Name: Iván Arriagada Title: Authorised Signatory By: /s/ Andrónico Luksic Lederer Name: Andrónico Luksic Lederer Title: Authorised Signatory METALINVEST ESTABLISHMENT By: /s/ Davor Luksic Lederer Name: Davor Luksic Lederer Title: Director By: /s/ PERCURO Trust Establishment Name: PERCURO Trust Establishment Title: Director CUSIP No. 204448104 Page 12 of 12 KUPFERBERG ESTABLISHMENT By: /s/ Davor Luksic Lederer Name: Davor Luksic Lederer Title: Director By: /s/ PERCURO Trust Establishment Name: PERCURO Trust Establishment Title: Director AUREBERG ESTABLISHMENT By: /s/ Dr. Thomas Müller Name: Dr. Thomas Müller Title: Director By: /s/ PERCURO Trust Establishment Name: PERCURO Trust Establishment Title: Director E. ABAROA FOUNDATION By: /s/ Jean-Paul Luksic Fontbona Name: Jean-Paul Luksic Fontbona Title: Member of the Foundation Council By: /s/ Dr. Johannes Burger Name: Dr. Johannes Burger Title: Member of the Foundation Council SEVERE STUDERE FOUNDATION By: /s/ Jean-Paul Luksic Fontbona Name: Jean-Paul Luksic Fontbona Title: Member of the Foundation Council By: /s/ Dr. Mario König Name: Dr. Mario König Title: Member of the Foundation Council JEAN-PAUL LUKSIC By: /s/Jean-Paul Luksic

View Full Filing

View this SC 13D/A filing on SEC EDGAR