- Founder and Chair, Compañía de Minas Buenaventura (Mining)
Born Lima, Peru, 1920; died Lima, Peru, 2014. BSc. Civil Engineering, National Engineering University of Peru (1941); MA, Harvard University (1944); Advanced Management Program 62, Harvard Business School (1971).
“Don’t worry about environmental care costs. Be sure to take good care of the environment, just for its own sake, because God will return the favor with a bountiful reward.
Alberto Benavides describes how he transitioned from a geology student at Harvard University, to assistant, head geologist and, eventually, CEO of Cerro de Pasco, to CEO of Compañia de Minas Buenaventura. He credits his upward trajectory to his passion for mining and his willingness to eschew opportunities in politics, business associations, and the core mining, exploration, and energy sectors of his company. He talks about the company's expansion through partnerships with foreign companies, including a crucial tie with Newmont Mining Co., and the eventual decision to take it public. He also addresses globalization and competition, government interference, environmental policy, and the importance of perseverance, in light of the development of Peru’s financial sector in the 1970s and 1980s.