Company Profile For Sociedad Minera Cerro Verde SA
Sociedad Minera Cerro Verde SA (CVE.LM) (Lima Stock Exchange)
sector: Basic Materials ·
industry: Mining & Metals - Specialty ·
Overview
Sociedad Minera Cerro Verde SAA is a Peru-based mining company. Its activities include the extraction, exploitation and production copper from the deposits located in the southeast of the city of Arequipa. In addition, the Company holds a copper sale agreement with Sumitomo Metal Mining Company Ltd, as well as a molybdenum sale contract with Climax Molibdenum Marketing Corporation. As of December 31, 2008, the Company held interests in Compania Contractual Minera Candelaria. The Company’s majority shareholder is Freeport Mc-MoRan Copper and Gold Inc, with 53.56% of its interests.
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, Sociedad Minera Cerro Verde SAA's total revenue decreased 34% to $1.2B. Net income for the period decreased 43% to $463.9M. Total revenue reflects decreased earnings from the sale of copper, particularly in Peru, Asia and Europe. Net income suffered from lower interest income as well as decreased both gross and operating margins. Sociedad Minera Cerro Verde is engaged in copper extraction and production.
Company Address
Sociedad Minera Cerro Verde SA
Asiento Minero s/n
Uchumayo
Arequipa
P: +5154.381515
F: +5154.381515
Asiento Minero s/n
Uchumayo
Arequipa
P: +5154.381515
F: +5154.381515
Total Employees
796
Company Web Links
Find Out More About CVE.LM
Market Update
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Commodities
| Commodity | Last | Pct Chg | Trade Date/Time |
|---|---|---|---|
| Oil | 76.6 | +0.18% | 11/25 08:59 IST |
| Gold | 1176.5 | +0.91% | 11/25 08:43 IST |
