History

Hochschild Mining traces its origins to the original Hochschild Group founded in 1911 by Mauricio Hochschild. Following World War I, the Hochschild Group expanded into Bolivia, where it developed significant interests in tin. The Hochschild Group commenced operations in Peru in 1925 and in 1945 Luis Hochschild joined the Hochschild Group's Peruvian operations.

During the first decades of its operations, the Hochschild Group focused on the commercialisation of minerals, and it was not until the 1940s that it began operating its first mines, although mineral commercialisation remained the Hochschild Group's main source of revenue. During World War II, the Hochschild Group was a key supplier of tin and other metals to the allied forces.

In the 1960s the Hochschild Group developed the Arcata mine in Peru, which is still in production today. The Hochschild Group expanded further into mining in the 1960s and 1970s, opening or expanding mines in Brazil, Peru and Chile, such as the Mantos Blancos copper mine in Chile.

In November 1984, the South American mining operations of the Hochschild Group were sold to Anglo American Corporation of South Africa who, in the same month, sold the Peruvian operations of the Hochschild Group to a group of companies owned by Luis Hochschild.

Eduardo Hochschild, Luis Hochschild's son, joined the Group in 1987 as Safety Assistant at the Arcata operating unit and has been head of the Hochschild Mining Group since 1998. Eduardo Hochschild is now the Executive Chairman of the Hochschild Mining Group, a position he has held since 2006.

In 1995, the Hochschild Mining Group launched an extensive exploration programme, uncovering and further developing several sites in Peru, including the Ares, Selene and Sipan sites.

By 2001, the Group had assembled an experienced professional management team which implemented a strategy of international expansion. As a result of this strategy, between 2001 and 2006, the Group opened exploration offices and identified a number of projects and prospects in Peru, Argentina, Mexico and Chile and entered into various joint venture agreements with mining partners, notably those relating to San José and Pallancata.

In 2006, the Group listed on the London Stock Exchange and raised proceeds of $515 million. The use of proceeds was to fund the Group's growth strategy.

The Group opened its first operation in Argentina, San José, in June 2007 and subsequently opened the Moris mine in Mexico in August 2007. In September 2007, production commenced at the Pallancata mine in southern Peru.