The origins of Votorantim
Metais Holding date back to the founding of Companhia Mineira de Metais
(CMM) in 1956. In 1996, following a restructuring of its management model, Votorantim's
industrial units were regrouped according to their business activities and
markets. As a result of this restructuring Votorantim Metais was created and made responsible for managing the zinc, nickel and steel
businesses, and later, also aluminum. In 2008, the steel assets and activities
were separated from Votorantim
Metais' portfolio and placed
under the management of the then recently-created Votorantim Siderurgia.
In 2016, Votorantim Metais underwent a further restructuring process and
was renamed Votorantim Metais Holding.
Over the years, the
company has grown, reinvented itself and established a reputation as one of the
main Brazilian players in the metals and mining sector. It is constantly
accompanying the industry trends and investing in the locations where it
Inaugurated the Companhia Brasileira de Aluminio (CBA), the first vertically-integrated aluminum company in Brazil, in the municipality of Alumínio (SP).
Exploration of zinc ore deposits initiated at the Vazante (MG) unit, which then supplied the first ore shipment to the Três Marias (MG) unit.
Votorantim took control of a mining unit in Niquelândia (GO). The 1960's were notable for the beginning of nickel ore mining operations in Niquelândia (GO).
Started up the open-cast mining operations for zinc silicate ore in the Vazante (MG) unit and the production of electrolytic zinc in the Três Marias (MG) unit.
CBA became the largest aluminum producer in Brazil. It accounted for 30% of total domestic production, and employed about 5 thousand people.
CBA acquired a bauxite deposit in Itamarati de Minas (MG). After eight years of research and exploration, its enormous extraction potential was confirmed.
The Companhia Níquel Tocantins (CNT) produced its first batch of electrolytic nickel in Brazil, at its São Miguel Paulista metal production unit in the municipality of São Paulo (SP).
Started up underground mining at the Vazante (MG) unit for the extraction of zinc silicate ore.
Votorantim became a shareholder in Mineradora Morro Agudo S.A., following its privatization. This company is located in Paracatu (MG) and produces zinc sulphide concentrate, in partnership with two other companies, Ingá (Masa) and Paraibuna de Metais.
Just over 30 years after its inauguration CBA was one of the largest vertically-integrated aluminum plants in the world, producing 170 thousand metric tons/year.
Votorantim took full control of the Mineradora Morro Agudo S.A., located in Paracatu (MG). That same year, the company initiated the construction of the mine operating unit in the Zona da Mata region in the state of Minas Gerais.
With investments of US$ 500 million, Votorantim completed an expansion project that increased the electrolytic nickel production capacity of its plant in São Miguel Paulista (SP) to 10 thousand metric tons/year. In the same year, construction work began on the installation of a bauxite mining and processing facility in Itamarati de Minas (MG).
In the Três Marias (MG) unit, the production of metallic zinc ingots increased from 10 to 90 thousand metric tons/year.
In line with a sustainable development model, Votorantim began to use recycled steel scrap as the main raw material in the production of long steel.
After a major restructuring of Votorantim's management model, Votorantim Metais was created and became responsible for the zinc, nickel and steel business units.
The electrolytic nickel production capacity of the metal production unit in São Miguel Paulista (SP) rose to 17.5 thousand metric tons/year.
The Três Marias (MG) unit doubled its production of metallic zinc cathodes from 90 to 180 thousand metric tons/year.
Votorantim Metais expanded its share of the Brazilian zinc market with the acquisition of Companhia Paraibuna de Metais, located in Juiz de Fora (MG). As a result, the company's zinc production capacity increased from 180 to 270 thousand metric tons/year.
Initiated a new phase of expansion of nickel production capacity. These investments increased production capacity to 20 thousand metric tons/year. Votorantim Metais acquired Mineração Serra de Fortaleza, located in Fortaleza de Minas (MG), and expanded its nickel production capacity by 50%. The Morro Agudo (Paracatu - MG) unit also underwent an expansion program and increased its zinc production capacity to 35 thousand metric tons/year. Furthermore, the construction of a bauxite mining unit in Miraí (MG) was initiated.
The acquisition of a zinc metal production unit in Cajamarquilla, Peru, was the beginning of Votorantim Metais' expansion in Latin America. The acquired facility had a zinc production capacity of 160 thousand metric tons/year.
Votorantim Metais increased its participation in the Peruvian market for zinc with the acquisition of a 24.9% shareholding in Milpo, the country's fourth largest zinc mining company. The purchase was made through the Cajamarquilla unit, a subsidiary of Votorantim Metais in Peru.
The company acquired U.S. Zinc, a North-American company specialized in the recycling of galvanized industrial waste and in the production of metallic zinc and higher value-added products, such as zinc oxide and zinc powder.
The steel activities were separated from Votorantim Metais' portfolio and came under the management of the then recently-created Votorantim Siderurgia. CBA started up bauxite mining operations at the Miraí (MG) unit.
CBA became part of Votorantim Metais.
Votorantim Metais became the majority shareholder of Milpo, which at that time was the third largest zinc mining company in Peru. That same year, the capacity of the Cajamarquilla refinery, Peru, was more than doubled, increasing its production capacity from 160 to 330 thousand metric tons/year. Also in 2010 Votorantim Metais acquired Metalex, a company specialized in the recycling of industrial aluminum waste.
Votorantim restructured its corporate governance model. The holding company, Votorantim S.A., took on the roles of providing guidance and portfolio management, and the industrial companies, including Votorantim Metais, gained greater autonomy. The main consequences of the new governance structure were the higher level of empowerment and accountability of senior management, and the establishment of Boards of Directors, in each industrial company.
Votorantim Metais acquired a further 20% shareholding in Milpo, increasing its total shareholding to 80.24%. The company announced that it was dividing its operations into two business segments: Votorantim Metais Holding, which includes the zinc and copper operations in Brazil and Peru; and Companhia Brasileira de Alumínio (CBA) which would have a separate governance and organizational structure, and, in addition to aluminum, would be responsible for the management of the nickel business assets, whose operations were temporarily suspended earlier this year.