glencore peru

What glencore peru does

Glencore Peru is the Peruvian operating subsidiary of Glencore plc, a global diversified natural resources conglomerate. It runs three principal business pillars: (i) wholly-owned Compañía Minera Antapaccay S.A., a copper concentrate mine at over 4,000 meters elevation in Espinar, Cusco, in production since November 2012 and shipping concentrate roughly 400 km to the port of Matarani; (ii) a 33.75% equity stake in Antamina, a tier-one copper-zinc-silver producer in Huari province, Ancash region; and (iii) Perubar S.A. (99.99% owned by Glencore Minera AG), a logistics unit at the Callao port zone providing storage, mixing, conditioning, and shipping of mineral concentrates, and holding a 30% participation in Transportadora Callao S.A. (TCSA).

The commercial backbone comprises Lima-based corporate and trading entities (Glencore Servicios Corporativos Perú S.A.C., Inversiones República S.A., Glencore Perú S.A., and Glencore Lima Trading S.A.) that coordinate treasury, trading, and holding functions. Product revenue is generated via direct commodity sales of copper, zinc, and silver concentrates into global markets at prices not publicly disclosed, with logistics income from Perubar's concentrate handling for both linked Glencore entities and third-party mining customers. Customer relationships are routed primarily through the parent's trading network rather than direct offtake contracts with named end buyers.

Glencore Peru's broader operating model embeds substantial community and stakeholder engagement, notably the Marco Agreement at Antapaccay (in force since 2003) committing up to 3% of pre-tax profits to local sustainable development and funding initiatives such as the Dairy Plant of Espinar and the Alpaca/Wool Fiber Plant (FILASAC). Corporate communications are conducted via the official website, two community radio stations (La Primera and Kinsachata), and authorized careers portals, with active legal action against fraudulent job postings using the Glencore and Antapaccay names.

Name

glencore peru

Legal name

Glencore Peru

Website

https://glencoreperu.pe

Company type

Private

Founded year

1957

Operating status

Operating

Short description

Glencore Peru is the Peruvian subsidiary of Glencore plc, operating the wholly-owned Antapaccay copper mine in Cusco, a 33.75% stake in the Antamina copper-zinc-silver mine, and the Perubar mineral-concentrate logistics unit at the Callao port.

Ownership category

akta.pro rank

Product category

Copper and Zinc Mining

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Coal and Other Mineral and Ore Merchant Wholesalers (42352)

SIC

Metal Mining (1000), Wholesale-Metals & Minerals (No Petroleum) (5050)

akta.pro primary industry

Copper Ore Mining (Open-Pit & Underground) (IMAKADAB)

akta.pro secondary industries

Copper Concentrate Trading & Marketing (IMAKADAI), Copper Logistics, Storage & Port Operations (IMAKADAJ), Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid) (IMAKADAH)

Keywords

• Copper mining
• Zinc production
• Mineral concentrates
• Mining logistics
• Mineral processing

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Others

Distribution channels2 records

Marketing channels3 records

Core offering

Glencore Peru extracts and produces copper, zinc and silver mineral concentrates through its mining operations (Antapaccay and a 33.75% stake in Antamina) and provides port-side logistics services for mineral concentrates (storage, mixing, conditioning and shipping) through Perubar at the Callao port. Output is sold into global commodity markets, with concentrate from Antapaccay transported roughly 400 km to the Matarani port in Arequipa for export.

Product overview

Glencore Peru operates as a diversified mining and logistics company in Peru. The company's core operations include copper mining through Antapaccay in Cusco province and a 33.75% stake in Antamina for copper, zinc, and silver production. Supporting these mining operations is Perubar, a logistics unit providing storage, mixing, conditioning, and shipping of mineral concentrates from Callao port. The company also maintains corporate offices in Lima with trading entities (Glencore Perú S.A. and Glencore Lima Trading S.A.) and investment vehicles (Inversiones República S.A.). Community engagement includes radio stations and social development initiatives through the Marco Convenio program.

Differentiator

Problem solved

Functional benefit

Brands

• Antapaccay: Copper mining operations in Espinar province, Cusco, Peru, producing copper concentrate transported to Matarani port.
• Antamina
• Perubar
• Glencore Servicios Corporativos Perú

Products and services

• Antapaccay copper mine (Compañía Minera Antapaccay S.A.) Open-pit copper mining operation located at over 4,000 meters above sea level in Espinar province, Cusco region. Produces copper concentrate that is transported approximately 400 km to the port of Matarani in Arequipa for export to global commodity markets. Began operations in November 2012 and is one of the most modern copper mines in Peru.
• Antamina copper-zinc-silver mine (equity stake) Copper, zinc and silver mining operation in Huari province, Ancash region, Peru. One of the main polymetallic producers in the country. Glencore Peru holds a 33.75% participation stake, giving it proportional exposure to production output.
• Perubar mineral concentrate logistics unit (Perubar S.A.) Logistics unit providing storage, mixing, conditioning and shipping of mineral concentrates at the Callao port zone. Operates as a warehouse and mixing plant for mining-sector clients, both Glencore-linked and third-party. The only Glencore-owned storage and mixing facility in the Americas. Holds 30% of Transportadora Callao S.A. (TCSA) for dedicated port transport and shipping capacity.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor and core.

• Transportadora Callao S.A. (TCSA)minorOthersPerubar holds a 30% stake in Transportadora Callao S.A. TCSA provides transport and shipping services for mineral concentrates at the Callao port. This is a minority ownership relationship rather than a formal partnership.
• AntaminacoreOthersGlencore holds a 33.75% ownership stake in Antamina, one of the main copper, zinc and silver producing companies in Peru, located in Huari province, Ancash region. This is a strategic equity investment in a producing mining asset.

Scale indicators6 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Southern Copper Corporation: Peru-based global copper miner (majority-owned by Grupo México) operating Toquepala, Cuajone, and Smelter Ilo in Peru. Direct peer as a major Peruvian copper concentrate producer competing in the same domestic market and export channels.
• Freeport-McMoRan: Major global copper miner operating Cerro Verde mine in Arequipa, Peru (one of Peru's largest copper producers). Directly comparable as a copper concentrate producer in southern Peru with overlapping logistics infrastructure and customer base.
• Anglo American: Operates the Quellaveco copper mine in Moquegua, Peru, which began production in 2022. Directly comparable as a major modern Peruvian copper concentrate producer with similar export logistics through Peruvian ports.
• MMG Limited: Hong Kong-listed miner operating the Las Bambas copper mine in Apurímac, Peru. Direct peer producing copper concentrate in Peru with similar export and community-relations dynamics.
• BHP Group: Global mining major with a 33.75% interest in Antamina alongside Glencore, plus the Pampa Norte copper operations. Direct peer as a co-shareholder in Antamina and a major Peruvian copper concentrate producer.
• First Quantum Minerals: Global copper miner with Peruvian operations (formerly operating the Las Bambas project before divestiture) and major copper mines globally. Directly comparable as a copper concentrate producer with similar commodity-price exposure.
• Nexa Resources: Peru-based zinc and copper miner (part of Votorantim group) operating the Cerro Lindo and Atacocha mines. Direct peer as a Peruvian polymetallic (zinc-copper-silver) producer with similar business model to Antamina's zinc/silver exposure.

Regional players

• Volcan Compañía Minera: Peru-focused polymetallic miner producing zinc, lead, silver, and copper from multiple central-Peruvian mines. Regional peer operating in the same Peruvian mining ecosystem with similar customer and logistics dynamics.

Emerging players

• Hudbay Minerals: Mid-tier Canadian copper and zinc producer with operations in Peru (Constancia mine) and North America. Comparable as a copper-zinc producer with Peruvian asset exposure and similar concentrate-offtake business model.

Broad incumbents

• Glencore plc: Global diversified natural resources conglomerate and 100% parent of Glencore Peru. Relevant as the corporate parent providing capital, technical expertise, and offtake/trading reach, and as a broad incumbent with overlapping copper and zinc operations globally.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about glencore peru