Cerro Verde is a Peru-based mining company. Its activities include the extraction, exploitation and production copper from the porphyry copper deposit

Porphyry copper deposit

Porphyry copper deposits are copper orebodies which are associated with porphyritic intrusive rocks and the fluids that accompany them during the transition and cooling from magma to rock. Circulating surface water or underground fluids may interact with the plutonic fluids...

 located southeast of the city of Arequipa

Arequipa

Arequipa is the capital city of the Arequipa Region in southern Peru. With a population of 836,859 it is the second most populous city of the country...

. In addition, the company holds a cooper sale agreement with Sumimoto Metal Mining, as well as a molybdenum sale contract with Climax Molibdenum Marketing Corporation.