Developer docs
API playgroundTry for free, no card

Search company profiles

Cerro Verde

Full company profile

uuid000fc7j

Namestring
Cerro Verde
Websiteurl
cerroverde.pe
Company typeenum
Private
Founded yearint
1993
Descriptiontext

Cerro Verde is a Peru-based copper mining company that produces copper concentrate, molybdenum concentrate, and copper cathodes from a major open-pit operation in the Arequipa region. Founded in 1993 and headquartered in Arequipa, the company operates at significant scale with 5,001-10,000 employees, and is consistently referenced as one of Peru's largest mining producers alongside Antamina, Southern, and Buenaventura.

The company's product portfolio is concentrated in base and byproduct metals typical of large-scale porphyry copper operations, with copper concentrate and cathodes as primary outputs and molybdenum as a byproduct credit. Cerro Verde sells into global commodity markets rather than to identified downstream customers; the supplied sources do not disclose offtake counterparties, pricing formulas, or hedging arrangements. The website cerroverde.pe is the primary public-facing presence, and no proprietary technology stack, digital platform, app, or API surface is disclosed.

On the commercial side, Cerro Verde is classified as a private for-profit entity, with no IPO status, no disclosed funding rounds, no parent company identified, and no subsidiaries listed. Operational activity is evidenced by continued contracting of heavy equipment and lifting services from Arequipa-based vendors such as GTSL. Ownership, capital structure, and management team are not disclosed in the available material, leaving a meaningful information gap for prospective investors.

Short descriptiontext

Cerro Verde is a Peru-based copper mining company founded in 1993 that produces copper concentrate, molybdenum concentrate, and copper cathodes from a major open-pit operation in Arequipa, serving global commodity markets.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersArequipa, Peru
HQ citystring
Arequipa
HQ countrystring
Peru
HQ regionstring
Latin America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
copper mining, mineral extraction, copper concentrate, molybdenum production, copper cathodes
Industry3 codes
1Copper Ore Mining (Open-Pit & Underground)
CodeIMAKADABPrimaryYes
2Copper Exploration & Resource Development
CodeIMAKADAAPrimaryNo
3Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid)
CodeIMAKADAHPrimaryNo
NAICS code2 codes
  • Copper, Nickel, Lead, and Zinc Mining212230
  • Support Activities for Metal Mining213114
SIC code1 code
  • Metal Mining1000
Product category
Copper Mining
Social media profiles1 record
Cost components5 values
Operations, Personnel, Infrastructure, Supply Chain, Others
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Cerro Verde is a copper mining company that produces copper concentrate, molybdenum concentrate, and copper cathodes. It operates a large-scale open-pit copper mine in the Arequipa region of Peru and sells its mineral outputs into the global mining supply chain. The company was founded in 1993 and employs between 5,001 and 10,000 people in support of its extraction and processing operations.

Differentiator
Functional benefit
Problem solved
Product and service3 records
1Copper Concentrate
CategoryCopper mining / mineral concentrate
Description

Intermediate copper-bearing mineral concentrate produced from Cerro Verde's open-pit mine in Arequipa, Peru, sold to smelters and commodity buyers for further refining.

2Molybdenum Concentrate
CategoryMolybdenum mining / mineral concentrate
Description

By-product molybdenum concentrate extracted during copper ore processing at Cerro Verde's Peruvian operations, sold to industrial buyers for use in steel alloys and related applications.

3Copper Cathodes
CategoryRefined copper products
Description

Refined copper cathodes produced by Cerro Verde for industrial and electrical-grade applications, supplied to commodity buyers downstream of its mining and processing chain.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Recent move2 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Antofagasta is a major Chilean copper miner producing concentrates and cathodes, closely comparable in terms of South American Andean copper mining operations and integrated concentrate-to-cathode value chain.

TypeDirect peer
Description

First Quantum is a leading global copper miner with large-scale open-pit operations, comparable in mine type, copper concentrate output, and exposure to Latin American mining jurisdictions.

TypeDirect peer
Description

Buenaventura is a major Peruvian precious and base metals miner cited alongside Cerro Verde as a top Peruvian mining company, providing a directly comparable Peruvian-listed peer with overlapping product exposure.

TypeDirect peer
Description

Antamina is one of Peru's largest copper-zinc mining operations and is explicitly mentioned alongside Cerro Verde as a major Peruvian mining company, sharing scale, geography, and base-metal focus.

TypeDirect peer
Description

Codelco is the world's largest copper producer and Chile's state-owned copper miner, directly comparable in terms of large-scale, open-pit copper concentrate and cathode production in South America.

TypeDirect peer
Description

Freeport-McMoRan is the largest publicly traded copper producer globally and a long-standing major shareholder in Cerro Verde, making it the most directly comparable peer in terms of asset base, copper exposure, and Peruvian operating footprint.

TypeDirect peer
Description

BHP is a top global miner with a significant ownership stake in Cerro Verde and operates large-scale copper assets, sharing the same diversified-miner profile and direct exposure to Peruvian copper output.

TypeDirect peer
Description

Southern Copper is a Peru-based, large-scale copper miner producing concentrates and cathodes, directly comparable to Cerro Verde in geography, product mix, and integrated mine-to-metal operations.

TypeBroad incumbent
Description

Glencore is one of the world's largest copper producers and traders with integrated mining and marketing operations, broadly comparable to Cerro Verde's role in global copper supply and concentrate trading.

TypeBroad incumbent
Description

Anglo American is a diversified major miner with a sizeable copper portfolio, broadly comparable in scale and copper-concentrate production, though diversified across multiple commodities and geographies.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Cerro Verde

Copper Miningcerroverde.pe

Cerro Verde is a Peru-based copper mining company founded in 1993 that produces copper concentrate, molybdenum concentrate, and copper cathodes from a major open-pit operation in Arequipa, serving global commodity markets.

What Cerro Verde does

Cerro Verde is a Peru-based copper mining company that produces copper concentrate, molybdenum concentrate, and copper cathodes from a major open-pit operation in the Arequipa region. Founded in 1993 and headquartered in Arequipa, the company operates at significant scale with 5,001-10,000 employees, and is consistently referenced as one of Peru's largest mining producers alongside Antamina, Southern, and Buenaventura.

The company's product portfolio is concentrated in base and byproduct metals typical of large-scale porphyry copper operations, with copper concentrate and cathodes as primary outputs and molybdenum as a byproduct credit. Cerro Verde sells into global commodity markets rather than to identified downstream customers; the supplied sources do not disclose offtake counterparties, pricing formulas, or hedging arrangements. The website cerroverde.pe is the primary public-facing presence, and no proprietary technology stack, digital platform, app, or API surface is disclosed.

On the commercial side, Cerro Verde is classified as a private for-profit entity, with no IPO status, no disclosed funding rounds, no parent company identified, and no subsidiaries listed. Operational activity is evidenced by continued contracting of heavy equipment and lifting services from Arequipa-based vendors such as GTSL. Ownership, capital structure, and management team are not disclosed in the available material, leaving a meaningful information gap for prospective investors.

Cerro Verde firmographics

Firmographics
Name
Cerro Verde
Website
https://cerroverde.pe
Company type
Private
Founded year
1993
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
Cerro Verde is a Peru-based copper mining company founded in 1993 that produces copper concentrate, molybdenum concentrate, and copper cathodes from a major open-pit operation in Arequipa, serving global commodity markets.
Ownership category
akta.pro rank

Cerro Verde industry classification

Industry
Product category
Copper Mining
NAICS
Copper, Nickel, Lead, and Zinc Mining (212230), Support Activities for Metal Mining (213114)
SIC
Metal Mining (1000)
akta.pro primary industry
Copper Ore Mining (Open-Pit & Underground) (IMAKADAB)
akta.pro secondary industries
Copper Exploration & Resource Development (IMAKADAA), Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid) (IMAKADAH)

Keywords

  • Copper mining
  • Mineral extraction
  • Copper concentrate
  • Molybdenum production
  • Copper cathodes

Where Cerro Verde is headquartered

Location

Headquarters

HQ city
Arequipa
HQ country
Peru
HQ region
Latin America

Offices1 record

Markets served

Cerro Verde business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Operations, Personnel, Infrastructure, Supply Chain, Others

Cerro Verde product offering

Product offering

Core offering

Cerro Verde is a copper mining company that produces copper concentrate, molybdenum concentrate, and copper cathodes. It operates a large-scale open-pit copper mine in the Arequipa region of Peru and sells its mineral outputs into the global mining supply chain. The company was founded in 1993 and employs between 5,001 and 10,000 people in support of its extraction and processing operations.

Differentiator

Problem solved

Functional benefit

Products and services

  • Copper Concentrate Intermediate copper-bearing mineral concentrate produced from Cerro Verde's open-pit mine in Arequipa, Peru, sold to smelters and commodity buyers for further refining.
  • Molybdenum Concentrate By-product molybdenum concentrate extracted during copper ore processing at Cerro Verde's Peruvian operations, sold to industrial buyers for use in steel alloys and related applications.
  • Copper Cathodes Refined copper cathodes produced by Cerro Verde for industrial and electrical-grade applications, supplied to commodity buyers downstream of its mining and processing chain.

Companies that use Cerro Verde

Customer profile

Segments1 record

Ideal customer profiles1 record

Cerro Verde technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Cerro Verde partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves2 records

Expansion highlights3 records

Cerro Verde competitors and assessment

Company assessment

Direct peers

  • Antofagasta: Antofagasta is a major Chilean copper miner producing concentrates and cathodes, closely comparable in terms of South American Andean copper mining operations and integrated concentrate-to-cathode value chain.
  • First Quantum Minerals: First Quantum is a leading global copper miner with large-scale open-pit operations, comparable in mine type, copper concentrate output, and exposure to Latin American mining jurisdictions.
  • Buenaventura: Buenaventura is a major Peruvian precious and base metals miner cited alongside Cerro Verde as a top Peruvian mining company, providing a directly comparable Peruvian-listed peer with overlapping product exposure.
  • Antamina: Antamina is one of Peru's largest copper-zinc mining operations and is explicitly mentioned alongside Cerro Verde as a major Peruvian mining company, sharing scale, geography, and base-metal focus.
  • Codelco: Codelco is the world's largest copper producer and Chile's state-owned copper miner, directly comparable in terms of large-scale, open-pit copper concentrate and cathode production in South America.
  • Freeport-McMoRan: Freeport-McMoRan is the largest publicly traded copper producer globally and a long-standing major shareholder in Cerro Verde, making it the most directly comparable peer in terms of asset base, copper exposure, and Peruvian operating footprint.
  • BHP: BHP is a top global miner with a significant ownership stake in Cerro Verde and operates large-scale copper assets, sharing the same diversified-miner profile and direct exposure to Peruvian copper output.
  • Southern Copper: Southern Copper is a Peru-based, large-scale copper miner producing concentrates and cathodes, directly comparable to Cerro Verde in geography, product mix, and integrated mine-to-metal operations.

Broad incumbents

  • Glencore: Glencore is one of the world's largest copper producers and traders with integrated mining and marketing operations, broadly comparable to Cerro Verde's role in global copper supply and concentrate trading.
  • Anglo American: Anglo American is a diversified major miner with a sizeable copper portfolio, broadly comparable in scale and copper-concentrate production, though diversified across multiple commodities and geographies.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Cerro Verde social profiles

Digital presence

Cerro Verde financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Cerro Verde leadership team

Management profile

Number of profiles

Profiles1 record

Cerro Verde funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Cerro Verde M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cerro Verde

What does Cerro Verde do?

Cerro Verde is a copper mining company that produces copper concentrate, molybdenum concentrate, and copper cathodes. It operates a large-scale open-pit copper mine in the Arequipa region of Peru and sells its mineral outputs into the global mining supply chain. The company was founded in 1993 and employs between 5,001 and 10,000 people in support of its extraction and processing operations.

Is Cerro Verde a public or private company?

Cerro Verde is a private company. It is classified as unknown and is currently operating.

When was Cerro Verde founded?

Cerro Verde was founded in 1993. It employs 5,001 to 10,000 people.

Where is Cerro Verde based?

Cerro Verde is headquartered in Arequipa, Peru, in the Latin America region.

Who are Cerro Verde's main competitors?

Direct peers on record are Antofagasta, First Quantum Minerals, Buenaventura, Antamina, Codelco, Freeport-McMoRan, BHP and Southern Copper. Broad incumbents are Glencore and Anglo American.

Does Cerro Verde have an API?

No public API is recorded for Cerro Verde.

What industry is Cerro Verde in?

Cerro Verde's product category is Copper Mining. Its primary akta.pro industry code is IMAKADAB, Copper Ore Mining (Open-Pit & Underground), with a secondary code of IMAKADAA, Copper Exploration & Resource Development. Its NAICS code is 212230 and its SIC code is 1000.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
GestionBuenaventura casi triplicó sus utilidades en el segundo trimestre, ¿qué impulsó sus resultados?Compañía de Minas Buenaventura reported strong financial results for Q2 2026 with revenues of US$580.8 million, representing a 57% increase year-over-year. Net profit attributable to shareholders reached US$260.8 million, nearly tripling the US$91.3 million recorded in Q2 2025, driven by favorable international metal prices for gold, silver, and copper, as well as higher volumes and stronger contributions from affiliated companies like Cerro Verde. The company also updated its operational outlook, raising silver production guidance for 2026 due to the Yumpag mine while lowering expectations for San Gabriel due to tailings management restrictions.Business Wire BlogBuenaventura Announces Second Quarter 2026 ResultsBuenaventura reported Q2 2026 net income of US$260.6 million, a 165% increase compared to Q2 2025, with revenues rising 43% year-over-year to US$529 million driven by higher gold production at the San Gabriel mine and improved metal prices. EBITDA from direct operations surged 113% to US$277.1 million, while the company's net cash position strengthened to US$758.9 million with negative net debt of US$66.6 million. Following quarter-end, the company received approval to increase Yumpag's mining rate to 1,200 tonnes per day and collected US$117.5 million in dividends from its Cerro Verde investment.MarketBeatFCX Stock Dips After Earnings: Is Grasberg Ramp-Up a Buying Opportunity?Freeport-McMoRan reported Q2 2026 earnings on July 23 with net income of $984 million (68 cents per share) and revenue of $7 billion, as higher copper and gold prices offset lower sales volumes caused by Grasberg's phased restart. The Grasberg Block Cave mine ramp-up is progressing toward full production capacity by end of 2027, with daily mining rates climbing from 34,000 tons in April to 69,000 tons in June, expected to reach 65% capacity in H2 2026 and 80% by mid-2027. The company returned $600 million to shareholders in H1 2026, increased its stake in Cerro Verde to 55.66%, and maintains a net debt of $2.1 billion below its $3-4 billion target ceiling.GurufocusFreeport-McMoRan Inc (FCX) Q2 2026 Earnings Call Highlights: StrFreeport-McMoRan Inc reported a 65% increase in net income for the first half of 2026 compared to the same period in 2025, with U.S. mining operating income rising 2.4 times year-over-year. The company increased its ownership in Cerro Verde by 2% to over 55% through share purchases totaling over $300 million, while returning $600 million to shareholders in the first half of 2026. Capital expenditures for 2027 are estimated at $4.8 billion, approximately $300 million above previous estimates, partly due to increased commodity and labor costs for the Baghdad mine expansion in Arizona.Investing.comEarnings call transcript: Freeport-McMoRan tops Q2 2026 estimates, shares fall By Investing.comFreeport-McMoRan reported Q2 2026 earnings that exceeded Wall Street estimates with adjusted EPS of $0.74 versus the $0.59 forecast and revenue of $7.03 billion versus $6.71 billion expected, though shares fell 3.9% in premarket trading as investors weighed higher capital spending and project timing concerns. The company achieved significant operational milestones including Grasberg production doubling to 69,000 tons per day in June and Morenci mining rates rising 30% above its five-year average, while also increasing its stake in Cerro Verde by 2% to over 55% through open market purchases worth over $300 million. Looking ahead, Freeport raised its 2027 capex estimate to $4.8 billion (up $300 million from prior guidance) and announced preliminary capital costs of approximately $4.5 billion for the Bagdad expansion in Arizona, pending a board decision in the second half of 2026.GestionProducción de cobre retrocedió en siete de las top 10 empresas del sector: así le fue a cada unaPeru's copper production grew 3.6% in the first four months of 2026 to 918,284 metric tons, driven by three major companies—Antamina (52.3%), Las Bambas (3.0%), and Antapaccay (13.1%)—while seven of the top ten producers saw output declines including Cerro Verde, Southern, Quellaveco, Chinalco, Marcobre, Hudbay Perú, and El Brocal. Mining sector GDP growth has decelerated sharply from 3.59% in January to just 0.11% in March, and exploration investment fell 0.7% despite overall mining investment rising 43.5%, with experts projecting only 2% production growth for 2026 due to declining ore grades and lack of new major operations.GestionLas 14 mejores opciones de inversión en Perú según casas de bolsa, ¿cuáles pagan más dividendos?Major Peruvian brokerage firms including Credicorp Capital, Inteligo SAB, Kallpa SAB, and BNB Valores are recommending dividend-focused investments in Peru, with InRetail as the top capital appreciation pick at 26% potential and Ferreycorp offering 10% appreciation with over 7% dividend yield driven by sustained 6%+ annual revenue growth. The recommendations highlight Minsur for copper and tin exposure with a potential 15% dividend yield, alongside calls on Alicorp, Unacem, Nexa Resources, Auna, Cerro Verde, Orygen, Fibra Prime, BBVA Perú, and Backus, all underpinned by expectations of domestic consumption recovery and copper cycle tailwinds from AI infrastructure and energy transition demand.GestionDe Cerro Verde a Tía María: proveedor minero en el sur ahora pone la mira en ChileGTSL (Grúas y Transportes San Lorenzo), a Peruvian heavy equipment rental and lifting services company, was founded internally by a mining group in 2006 after the third-party provider IMCO failed to meet lifting service deadlines, prompting the creation of an in-house unit. The company grew from serving Cerro Verde in Arequipa to operating across Peru, achieving 15% revenue growth in 2025 driven by projects like San Gabriel and Cerro Verde expansion, with mining accounting for 60% of its billings. GTSL redirected a planned Lima expansion to Arequipa due to security concerns (extortion), acquiring 34,000 sqm of land for $15–20 million, and is now eyeing Chile as a future growth market given the larger and more active mining crane sector there.GestionPerú en el radar de Israel: ¿por qué sus empresas están interesadas en ingresar al país?Israeli companies are increasingly targeting Peru as a market for expansion, with interest spanning mining, agriculture, artificial intelligence, cybersecurity, water management, and technological innovation. The Israeli Commercial Attaché in Peru reports active engagement between Israeli firms and major Peruvian mining companies including Antamina, Southern, Buenaventura, and Cerro Verde. The article highlights the complementary nature of both economies: Peru's leadership in resource-intensive industries and Israel's expertise in applied technological innovation tailored to those sectors.