Buenaventura approves bond measures, including $650 million issuance

Peruvian mining company Buenaventura, a major precious metals producer, has approved a set of debt measures including a bond issuance of $650 million, the firm said in a statement on Wednesday.

The miner added that shareholders had approved what it called a “repurchase or rescue operation” of currently active bonds.

Peru is one of the world’s top mining economies, especially for key industrial metal copper, with mineral sales contributing a large share of the country’s export revenue.

(By Marco Aquino; Editing by Kylie Madry)