Peruvian miner Cerro Verde operates an open-pit copper and molybdenum mining complex located some 20 miles southwest of Arequipa, Peru. It is one of the country's top copper producers. Its facilities include a concentrator and SX/EW leaching plants. US-based Freeport-McMoRan Copper & Gold has a 53.7% stake in Cerro Verde, through it's subsidiary Cyprus Climax Metals Company; SMM Cerro Verde Netherlands (a subsidiary of Sumitomo Metal Mining Company Ltd.) owns 21% of the operation and the remainder is held by Compañia de Minas Buenaventura and other shareholders.
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