Compañia Minera Condestable (CMC) exploits an underground Iron Oxide-Copper-Gold (IOCG) deposit located in the Cañete Province, in the Lima Region, Peru. Condestable is strategically located 3 km away from the Pan American highway, approximately 100km from the port of Callao, at a height of 100-400 meters above sea level. The total land package of CMC covers over 45 thousand hectares.

The operation consists of two contiguous mines, Condestable and Raul, feeding a 8,400 tpd conventional sulphide flotation plant, producing c. 20,000 tonnes of payable copper equivalent output per year.

Production started at the site in the 1960´s through the Nippon Mining company. The assets became government owned in the late 1970´s during the military government and were re-privatized in 1992. Trafigura acquired participation in Condestable in 1997 and subsequently expanded the processing plant capacity from 1,500 tpd to the current 7,000 tpd, as well as integrated the neighbouring Raul mine operation. In 2013 Trafigura sold all its shares in CMC to Southern Peaks Mining. SPM expanded the Condestable plant to 8,400 tpd in 2021 and plans an further expansion to +10,000 tpd.