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I should have held this one to infinity...

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MWM Member Level  Thursday, 09/21/17 09:41:18 PM
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I should have held this one to infinity...

https://www.ft.com/content/c7dac00e-ffcc-3d50-a023-a0069442ebc8


Brazilian miner Votorantim Metais files for New York, Toronto IPO

7 HOURS AGO by Andres Schipani
Brazilian miner Votorantim Metais Holding on Thursday filed for an initial public offering in New York and Toronto.

The securities filing did not specify what valuation it was aiming for, but it said the net proceeds from the offering will go to the controlling shareholder, the Brazilian industrial conglomerate Votorantim, whose business interests span from zinc and cement to orange juice.

Votorantim Metais extracts copper and zinc through operations in Brazil and in neighbouring Peru.

The company added it wants to use some $209m from whatever the proceeds are to speed up the development of the Aripuanã greenfield project in Brazil’s Mato Grosso. Another $93m would go to an extension of the Vazante mine in Minas Gerais and $23m to improve the smelter’s zinc recovery rate in Cajamarquilla, Peru


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