About

Most recently promoted in 2016, Luis Miguel Arce is the legal manager and assumes the role of head of the legal department at Hudbay Peru, the Peruvian subsidiary of Canadian miner Hudbay Minerals, which Arce explains involves ‘oversight of legal and compliance matters for the South American region’. Able to point to a number of career highlights, Arce is particularly proud of his involvement in the design and implementation of all contractual transactions related to a $1.7bn investment effort towards construction of the Constancia Mine in Cusco – one of the largest copper reserves in the world. In doing so, he covered ‘large surface land purchases, sustainable development involving local farming communities, lender structured financing; construction, power, engineering and EPCM agreements; investment protection agreements with the Peruvian government such as stability agreements, inter-institutional cooperation agreements with various government entities; and strategic alliances with third parties’. Arce undertakes a comprehensive international remit for the company’s mining exploration interests, and in 2017 took the lead in ‘anti-corruption compliance related matters at country level, assuming the role of compliance officer and becoming closely involved in the design and implementation of Hudbay Peru’s corporate compliance program’. In addition to these transactions, Arce takes the lead in the optimisation of his legal function, implementing specialist software for mining related legal obligations, discussion forums and a corporate compliance program. A variety of transactions and litigations accounting for a large amount of revenue are covered by Arce, including complex commercial disputes, financing matters, labour matters and service contracts. In addition to his in-house legal career, Arce is active in the academic field as a speaker in local and international events as well as having a previous role as a professor of civil law at the Pontifical Catholic University of Peru, one of the largest and most prestigious law schools in the country. He states of his team: ‘I believe it is worth mentioning that while the legal team at Hudbay Peru is young, we are very dedicated and resilient, gaining broad experience from the day to day diverse legal matters of a large mining commercial operation such as Constancia. [We are] able to provide efficient, adequate and timely response to the legal needs of our company’.