Filing Details

Accession Number:
0001193125-24-015531
Form Type:
13D Filing
Publication Date:
2024-01-24 19:00:00
Filed By:
Antofagasta Plc/fi
Company:
Compania De Minas Bv Sa (NYSE:BVN)
Filing Date:
2024-01-25
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Antofagasta plc 8 48,058,225 10 48,058,225 48,058,225 18.9%
Andean LFMA Investment Limited 8 48,058,225 10 48,058,225 48,058,225 18.9%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

Compañía de Minas Buenaventura S.A.A.

(Buenaventura Mining Company Inc.)

(Name of Issuer)

ADSs, each representing one common share, nominal (par) value of ten Peruvian

Soles per share

(Title of Class of Securities)

204448104**

(CUSIP Number)

Legal Vice President

Av. Apoquindo 4001, Piso 18

Las Condes, Santiago, Chile 7550162

(+ 56 2 2798 7000)

With copies to:

Cleary Gottlieb Steen & Hamilton LLP

Attention: Jeffrey Lewis, Adam Brenneman and Michael Dayan

One Liberty Plaza, New York NY 10006

(212) 225-2000 

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

January 24, 2024

(Date of Event Which Requires Filing of This Statement)

 

 

If the filing persons have previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ☐

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

 

 

*

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

**

This CUSIP number applies to the American Depositary Shares (as defined herein).

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes.)

 

 

 

 


CUSIP No. 204448104    Page 2 of 12

 

  1    

  NAME OF REPORTING PERSON

  S.S or I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

 

  Antofagasta plc

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

  4  

  SOURCE OF FUNDS

 

  WC

  5  

  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

  ☐

  6  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  United Kingdom

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  SOLE VOTING POWER

 

     8   

  SHARED VOTING POWER

 

  48,058,225

     9   

  SOLE DISPOSITIVE POWER

 

   10   

  SHARED DISPOSITIVE POWER

 

  48,058,225

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON

 

  48,058,225

12  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARE

 

  ☐

13  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  18.9%

14  

  TYPE OF REPORTING PERSON

 

  HC


CUSIP No. 204448104    Page 3 of 12

 

  1    

  NAME OF REPORTING PERSON

  S.S or I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON

 

  Andean LFMA Investment Limited

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

  4  

  SOURCE OF FUNDS

 

  WC

  5  

  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

  ☐

  6  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  United Kingdom

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  SOLE VOTING POWER

 

     8   

  SHARED VOTING POWER

 

  48,058,225

     9   

  SOLE DISPOSITIVE POWER

 

   10   

  SHARED DISPOSITIVE POWER

 

  48,058,225

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON

 

  48,058,225

12  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARE

 

  ☐

13  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  18.9%

14  

  TYPE OF REPORTING PERSON

 

  HC


CUSIP No. 204448104    Page 4 of 12

 

  1    

  NAMES OF REPORTING PERSONS

 

  Metalinvest Establishment

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

  4  

  SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  WC

  5  

  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Liechtenstein

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  SOLE VOTING POWER

 

     8   

  SHARED VOTING POWER

 

  48,058,225

     9   

  SOLE DISPOSITIVE POWER

 

   10   

  SHARED DISPOSITIVE POWER

 

  48,058,225

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  48,058,225

12  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  18.9%

14  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  HC


CUSIP No. 204448104    Page 5 of 12

 

  1    

  NAMES OF REPORTING PERSONS

 

  Kupferberg Establishment

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

  4  

  SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  WC

  5  

  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Liechtenstein

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  SOLE VOTING POWER

 

     8   

  SHARED VOTING POWER

 

  48,058,225

     9   

  SOLE DISPOSITIVE POWER

 

   10   

  SHARED DISPOSITIVE POWER

 

  48,058,225

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  48,058,225

12  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  18.9%

14  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  HC


CUSIP No. 204448104    Page 6 of 12

 

  1    

  NAMES OF REPORTING PERSONS

 

  Aureberg Establishment

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

  4  

  SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  WC

  5  

  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Liechtenstein

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  SOLE VOTING POWER

 

     8   

  SHARED VOTING POWER

 

  48,058,225

     9   

  SOLE DISPOSITIVE POWER

 

   10   

  SHARED DISPOSITIVE POWER

 

  48,058,225

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  48,058,225

12  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  18.9%

14  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  HC


CUSIP No. 204448104    Page 7 of 12

 

  1    

  NAMES OF REPORTING PERSONS

 

  E. Abaroa Foundation

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

  4  

  SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  WC

  5  

  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Liechtenstein

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  SOLE VOTING POWER

 

     8   

  SHARED VOTING POWER

 

  48,058,225

     9   

  SOLE DISPOSITIVE POWER

 

   10   

  SHARED DISPOSITIVE POWER

 

  48,058,225

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  48,058,225

12  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  18.9%

14  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  HC


CUSIP No. 204448104    Page 8 of 12

 

  1    

  NAMES OF REPORTING PERSONS

 

  Severe Studere Foundation

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

  4  

  SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  WC

  5  

  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Liechtenstein

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  SOLE VOTING POWER

 

     8   

  SHARED VOTING POWER

 

  48,058,225

     9   

  SOLE DISPOSITIVE POWER

 

   10   

  SHARED DISPOSITIVE POWER

 

  48,058,225

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  48,058,225

12  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  18.9%

14  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  HC


CUSIP No. 204448104    Page 9 of 12

 

  1    

  NAMES OF REPORTING PERSONS

 

  Jean-Paul Luksic

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

  4  

  SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  WC

  5  

  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Chile

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  SOLE VOTING POWER

 

     8   

  SHARED VOTING POWER

 

  48,058,225

     9   

  SOLE DISPOSITIVE POWER

 

   10   

  SHARED DISPOSITIVE POWER

 

  48,058,225

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  48,058,225

12  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  18.9%

14  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  IN


CUSIP No. 204448104    Page 10 of 12

 

This Amendment No. 1 (this Amendment) amends and supplements the Schedule 13D filed by the Reporting Persons on December 15, 2023 (the Original Schedule 13D and, as amended and supplemented by this Amendment, the Schedule 13D) with respect to the ADSs. Capitalized terms used in this Amendment and not otherwise defined shall have the same meanings ascribed to them in the Original Schedule 13D.

Item 4. Purpose of the Transaction

Item 4 of the Original Schedule 13D is hereby amended and supplemented as follows:

As previously disclosed, since December 12, 2023, the Reporting Persons and the Issuer have engaged in discussions on a proposal by the Reporting Persons for Antofagasta to be represented on the Board. On January 22 and 23, 2024, representatives of the Reporting Persons and the Issuer met to discuss such proposal and the Issuer indicated that it intended to hold a Board meeting to vote on calling a general shareholders meeting for shareholders of the Issuer to vote on an amendment to the bylaws of the Issuer (the Bylaws) that would increase the size of the Board from seven to nine members (the Board Size Amendment).

The Issuer publicly filed a Hecho de Importancia on January 24, 2024 with the Superintendencia del Mercado de Valores in Peru (the HI), stating that earlier that day the Board agreed to call a general shareholders meeting on February 22, 2024 for shareholders of the Issuer to vote on the Board Size Amendment, that, if approved, would subsequently make it possible to propose to the general shareholders meeting the appointment of two directors nominated by Antofagasta. The Issuer stated in the HI that it considers that Antofagastas contribution to the Board would add value to its composition, considering its experience and knowledge in the mining sector.

The Reporting Persons have not signed a written agreement with respect to the foregoing matters.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6 of the Original Schedule 13D is hereby amended and supplemented as follows:

The Issuer filed a Hecho de Importanciaon January 24, 2024 with the Superintendencia del Mercado de Valores in Peru. The Reporting Persons are not a party to such Hecho de Importancia, but understand the matters disclosed therein reflect the Issuers Boards agreement to call a general shareholders meeting for the approval of an amendment to the Issuers Bylaws expanding the size of the Board that, if approved, would subsequently make it possible to propose to the general shareholders meeting the appointment of two directors nominated by Antofagasta. A copy of such Hecho de Importancia is attached as Exhibit 4 to this Schedule 13D and is incorporated by reference herein.

Item 7. Material to be Filed as Exhibits

Item 7 of the Original Schedule 13D is hereby amended to add the following Exhibit:

 

4.

Hecho de Importancia publicly filed by the Issuer on January  24, 2024 with the Superintendencia del Mercado de Valores in Peru


CUSIP No. 204448104    Page 11 of 12

 

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: January 25, 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