Buenaventura Mining Co Inc. 13D/A Filing

Ticker: BVN · Form: SC 13D/A · Filed: Mar 13, 2024 · CIK: 1013131

Sentiment: neutral

Topics: ownership-change, sec-filing, mining

TL;DR

Luksic family & Antofagasta PLC update Buenaventura ownership filings.

AI Summary

On March 13, 2024, Compañía de Minas Buenaventura S.A.A. filed an amendment (Amendment No. 3) to its Schedule 13D. This filing indicates changes in beneficial ownership, with entities associated with the Luksic family, including Jean-Paul Luksic, and Antofagasta PLC, being key parties involved. The filing pertains to Buenaventura Mining Co Inc. and its ADSs.

Why It Matters

This filing provides insight into significant changes in the ownership structure of Buenaventura Mining Co Inc., which could impact its stock price and strategic direction.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can signal shifts in control or significant investment activity, warranting closer monitoring.

Key Players & Entities

FAQ

What is the purpose of this SC 13D/A filing?

This filing is an amendment (Amendment No. 3) to the Schedule 13D, indicating changes in the beneficial ownership of Compañía de Minas Buenaventura S.A.A.

Who are the key entities involved in this filing?

Key entities include Compañía de Minas Buenaventura S.A.A. (the issuer), and filing parties/group members such as ANDEAN LFMA INVESTMENT LTD, AUREBERG ESTABLISHMENT, E. ABAROA FOUNDATION, Jean-Paul Luksic, KUPFERBERG ESTABLISHMENT, METALINVEST ESTABLISHMENT, SEVERE STUDERE FOUNDATION, and ANTOFAGASTA PLC/FI.

What is the CUSIP number for the securities in question?

The CUSIP number for the ADSs, each representing one common share, nominal value of ten Peruvian Soles per share, is 204448104.

When was this filing submitted?

The filing was submitted on March 13, 2024.

What was the former name of Antofagasta PLC/FI?

The former name of Antofagasta PLC/FI was Antofagasta Holdings PLC, with a date of name change on August 5, 1999.

Filing Stats: 2,033 words · 8 min read · ~7 pages · Grade level 15.9 · Accepted 2024-03-13 16:24:55

Filing Documents

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: The Reporting Persons proposed to the Board that the Board nominate Antofagastas Chief Executive Officer, Iván Arriagada Herrera, and Antofagastas Vice President of Development, Andrónico Luksic Lederer, for election as directors of the Issuer to fill the Board vacancies created by the approval of the Board Size Amendment. The Issuer will nominate such Antofagasta Nominees for election to the Board at its upcoming annual general shareholders meeting on March 27, 2024 and has included such Antofagasta Nominees in the agenda for such annual general shareholders meeting. Item5. Interest in Securities of the Issuer The first and second paragraphs of Item 5 of the Original Schedule 13D are hereby amended and restated in their entirety as follows: (a)-(b) See pages 2-9 of this Schedule 13D for the aggregate number and percentage of Common Shares beneficially owned by each Reporting Person, the number of Common Shares as to which each Reporting Person has sole or shared power to vote or to direct the vote, and the number of Common Shares as to which each Reporting Person has sole or shared power to dispose or to direct the disposition. (c) The response to Item 6 of this Amendment is hereby incorporated by reference herein. Item6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

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

Item 6 of the Original Schedule 13D is hereby amended and supplemented as follows: On March 11, 2024, the remaining conditions to the closing of the CSP Transaction were satisfied. On March 13, 2024, the CSP Transaction settled in accordance with its terms, and Dealer delivered 30,000,000 ADSs to Andean.

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: March 13, 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 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

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