Buenaventura is aware of the importance of maintaining sound relations with the communities in which it operates, respecting their culture (local customs and traditional way of thought) while protecting the surrounding ecosystem, as this will all help to ensure sustainable development in the long term.

In this context, Buenaventura contributes towards the decentralized development of Peru , realizing significant investment in public infrastructure and in social development programs. Our operations provide 107 villages with varied infrastructure, in benefit of the communities in which we operate: 4 schools with a capacity for teaching 1000 pupils per year. 4 hospitals, attending 36,300 patients per year. 315 km of transmission lines and 8 sub-stations. 384 km of roads built. 140 km of roads refurbished. 200 km of roads receive permanent maintenance. Satellite television services since 1980. Satellite telephone services since 1996. 2 aerodromes. I heliport.

During the last 10 years, Buenaventura has invested in the province of Castilla, Arequipa, to the tune of over one million three hundred thousand dollars (US$1,300,000), in benefit of the local population, by improving its potential for production, design and creation of community projects.

In the province of Oyón, Lima, Buenaventura has realized investment for over five hundred thousand dollars (US$500,000) in projects to improve pastures, to better community facilities, in fish-farming development programs and in the construction of a Higher Institute of Technology, which provides technical career training to the local community.

In the department of Huancavelica, Buenaventura has shown special interest both in developing works of infrastructure and in assisting the surrounding communities so that they may strengthen their skills in productive activities other than mining, in its efforts to establish a sustainable development model. In this sense, the most outstanding works and programs carried out by Buenaventura are:

The Electrification of Huancavelica (1985).- Although Huancavelica could have received electrical power back in the beginning of ‘80s from the Mantaro Hydroelectric Power Plant, the largest generator in the country, the area did not enjoy this basic utility until a few years later when, thanks to the mining companies working in the area, led by Buenaventura, it was decided to join forces and construct an electrical transmission line to supply the department of Huancavelica and over 78 towns in Huancavelica and Ayacucho with electric energy. This project required a total investment of US$20 million.

Career Change Program.- This was carried out during the first semester in 2000 mainly in the provinces of Angaraes and Lircay, and involved both active and laid-off workers from the Julcani Mining Center and other contractor companies in the area. The program trained over 550 individuals in a variety of specializations: automotive mechanics, industrial garment-making, welding, stock breeding and improvement, drawing and design, shoemaking and project management, paying particular emphasis on the ambitious nature of small-scale business people and freelance workers in general.

Poverty Reduction Program (PRP)– Huancavelica .- This program, normally financed by USAID to develop self-sustainable projects on the basis of the potential of each of the departments, had excluded Huancavelica in its evaluation. On learning this, Buenaventura decided to assume the cost of the program, in order to give the region better opportunity. In January 2002, Buenaventura and USAID signed an agreement to commence PRP activities. Buenaventura contributed US$1’100,000 to be disbursed throughout the 2002 – 2006 period, with the aim of increasing job opportunities and family income by boosting productive activities backed by technical assistance and better access to markets.

Chincha-Huancavelica Road.- This road will allow for quick and safe access to the region benefiting trade and the development of the surrounding areas.

Alberto Benavides de La Quintana Landport.- This was constructed as a contribution towards ordering interprovincial transport in the capital city of the department of Huancavelica.

Lircay Higher Institute of Technology.- This institute is being built with the aim of encouraging the local population to study technical careers related to different mining activities.

COMMUNITY RELATIONS We conduct our work respecting the local authorities, laying down the foundations to construct relationships that are based on trust and dialogue. Our approach is one of a good neighbor. The company carries out a series of activities to reinforce its community relations, establishing a bond of cooperation and mutual understanding with the social players in its areas of operations. These are: Local authorities Regional authorities Rural Peasant Communities Rural Peasant Patrols Irrigator Meetings Base Organizations (daily glass of milk program, mothers’ club etc.) Non-Governmental Organizations (NGOs) Church

The work with surrounding communities is carried out throughout the different mining stages of a mining project, as follows:

EXPLORATION STAGE

OPERATIONS STAGE

MINE CLOSURE STAGE