Buenaventura Announces Appointment of New Board Member
January 04 2016 - 7:39PM
Business Wire
Compañia de Minas Buenaventura S.A.A. (“the Company” or
“Buenaventura”) (NYSE:BVN; Lima Stock Exchange: BUE.LM) announced
today that at the Board of Directors meeting held January 04, 2016,
the following resolutions were approved:
1. The acceptance of Mr. John Marsden´s
resignation as a member of the Company’s Board of Directors due to
personal matters. The Company appreciates his important
contribution to improve Buenaventura´s operations.
2. The nominating committee proposed and,
consequently, the Board of Directors appointed Mr. William (Bill)
Champion (62 years old) as a new member of the Board of Directors,
effective January 04, 2016.
With more than 30 years in the resource industry and extensive
experience in global mining, which includes North America, South
America, Australia and Europe with both open pit and underground
operations, Mr. Champion will contribute significantly in
Buenaventura´s growth.
Mr. Champion is a Bachelor of Science in Chemical Engineering
and Biological Sciences from the University of Arizona. He is
currently principal at Gladiator Mining Group and Director of
American Sands Energy Corporation.
He worked with Rio Tinto PLC from 2002 to 2014, serving as
Managing Director of Coal & Allied Industries LTD, Managing
Director of Rio Tinto Coal Australia and Rio Tinto Diamonds. He was
President & CEO of Kennecott Utah Copper Corp. from 2002
to 2007.
Mr. Champion was Executive Vice President at Cyprus Climax
Metals Company, responsible for several copper and molybdenum mines
and metal processing facilities. Previously, he worked with Phelps
Dodge Mining Co. for 10 years including 2 years as President of
Phelps Dodge Chile.
Company Description
Compañía de Minas Buenaventura S.A.A. is Peru’s largest,
publicly traded precious metals Company and a major holder of
mining rights in Peru. The Company is engaged in the mining,
processing, development and exploration of gold and silver and
other metals via wholly owned mines, as well as through its
participation in joint exploration projects.
Buenaventura currently operates several mines in Peru
(Orcopampa*, Uchucchacua*, Breapampa*, Mallay*, Julcani*, El
Brocal, La Zanja and Coimolache) and is developing the Tambomayo
and San Gabriel Projects.
The Company owns 43.65% of Minera Yanacocha S.R.L (a partnership
with Newmont Mining Corporation), an important precious metal
producer and 19.58% of Sociedad Minera Cerro Verde, an important
Peruvian copper producer.
For a printed version of the Company’s 2014 Form 20-F, please
contact the persons indicated above, or download a PDF format file
from the Company’s web site.
(*) Operations wholly owned by Buenaventura
Note on Forward-Looking Statements
This press release may contain forward-looking information (as
defined in the U.S. Private Securities Litigation Reform Act of
1995) that involve risks and uncertainties, including those
concerning the Company’s, Yanacocha’s and Cerro Verde’s costs and
expenses, results of exploration, the continued improving
efficiency of operations, prevailing market prices of gold, silver,
copper and other metals mined, the success of joint ventures,
estimates of future explorations, development and production,
subsidiaries’ plans for capital expenditures, estimates of reserves
and Peruvian political, economic, social and legal developments.
These forward-looking statements reflect the Company’s view with
respect to the Company’s, Yanacocha’s and Cerro Verde’s future
financial performance. Actual results could differ materially from
those projected in the forward-looking statements as a result of a
variety of factors discussed elsewhere in this Press Release.
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version on businesswire.com: http://www.businesswire.com/news/home/20160104006600/en/
Compañia de Minas Buenaventura S.A.A.In Lima:Carlos Galvez,
511-419-2540Chief Financial OfficerorDaniel Dominguez,
511-419-2591Director of Treasury and Investor
Relationsdaniel.dominguez@buenaventura.peorIn New Yorki-advize
Corporate CommunicationsMaria Barona / Rafael
Borja212-406-3691/3693buenaventura@i-advize.comorVisit our
website:http://www.buenaventura.com
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