Yanacocha

Sectors

Issues Raised

Project Information

Investment ID: 2983, 4449

Bank: IFC/MIGA

Environmental Category: A

Country: Peru

Region: Latin America and the Caribbean

Approval Date: None

Investment Types: Equity, Loans

Total Project Cost: No recorded data on this

Total Complaints: 10

Description

Minera Yanacocha S.R.L. operates a large open-pit gold mine located in the Andes mountains in the Department of Cajamarca, Peru. The company is engaged in the exploration and production of gold. Over a period from 1993 to 1999, IFC committed three loans to finance the capital expenditure programs for three of the companys mines, Carachugo, Maqui Maqui and La Quinua. In parallel, IFC made an equity investment for a 5% ownership stake in the company, which it continues to hold.

Investments

Investment Type	ID	Amount	Status	Bank	Client
Equity	2983	Unknown	Planned	IFC
Loans	4449	USD 60.0 million	Planned	IFC	Minera Yanacocha S.A.

Related Complaints

IFC/MIGA CAO Complaints	IAM	Country	Date Filed	Status
Yanacocha-01/Cajamarca	IFC CAO	Peru	01/12/2000	Closed With Outputs
Yanacocha-02/Cajamarca	IFC CAO	Peru	01/03/2001	Closed With Outputs
Yanacocha-03/Cajamarca	IFC CAO	Peru	01/03/2006	Closed With Outputs
Yanacocha-04/Cajamarca	IFC CAO	Peru	22/11/2012	Closed Without Outputs
Yanacocha-05/Cajamarca	IFC CAO	Peru	07/06/2013	Closed Without Outputs
Yanacocha-06/Cajamarca	IFC CAO	Peru	06/02/2014	Closed Without Outputs
Yanacocha-07/Cajamarca	IFC CAO	Peru	10/03/2014	Closed Without Outputs
Yanacocha-09/Cajamarca	IFC CAO	Peru	17/01/2017	Closed With Outputs
Yanacocha-10/Cajamarca	IFC CAO	Peru	10/05/2017	Closed With Outputs
Yanacocha-11/Cajamarca	IFC CAO	Peru	06/12/2017	Closed Without Outputs

Implementers

Name	Complaints	Dispute Resolutions	DR Successful	Compliance Reviews	Non-Compliance
Minera Yanacocha S.A.