The Company is considered one of the lowest cost producers in the industry due to the quality of its ore deposits. Volcan began operations in 1943 at the heights of the Ticlio Pass. All operations are located in the central mountains of the Peruvian Andes.
Volcan is a mining company of Peruvian origin pursuing the maximization of shareholder value through operational excellence and the highest standards of workplace safety and environmental management, contributing to the development of its personnel and its community.
Our values are part of our organizational culture and characterize each member of our company.
Volcan began its operations as Volcan Mines in the heights of the Ticlio pass. Ever since, constant hard work and dedication by its leadership and employees have made it one of the largest producers of zinc, silver and lead of Peru and the world.
Volcan Compañía Minera S.A. acquired Empresa Minera Mahr Túnerl S.A. owner of the San Cristóbal and Andaychagua mining operations, the Mahr Túnel and Andaychagua plants.
Volcan merges with Empresa Minera Mahr Túnel S.A., becoming Volcan Companía Minera S.A.A.
Volcan acquired Empresa Minera Paragsha S.A.C. from Centromin Perú. This acquisition included the Cerro de Pasco mine unit and eight small hydroelectric plants–Baños I, II, III and IV and Chicrín I, II, III and IV. As a result, Volcan became the largest zinc producer in Peru.
Volcan added to its portfolio the Animón and Vinchos mines and the Francoise and San José II plants.
The Vinchos Mine began its operations.
Volcan acquired the Zoraida and El Pilar mines, the latter being adjacent to the Cerro de Pasco unit.
Expanded the capacity of the Baños IV hydroelectric plant, giving Volcan a total of 13 MW of installed capacity.
Volcan acquired Compañía Minera San Sebastián, whose mining concessions are also located near Cerro de Pasco.
The shareholders of Volcan approved a simple reorganization of the Cerro de Pasco mining unit. As a result, that unit was renamed Empresa Administradora Cerro S.A.C., and it became a subsidiary of Volcan Compañía Minera S.A.A.
Volcan placed 10-year corporate bonds totaling USD 600 million at a fixed rate of 5.375%. This bond issue provided financing for future growth projects. Also that year, Volcan acquired Empresa Hidroeléctrica Huanchor S.A.C. from Sociedad Minera Corona S.A. and began operations in the Baños V hydroelectric plant in the Chancay-Huaral river valley.
The Company expanded the capacity of the Animón concentrate plant, from 4,200 tpd to 5,200 tpd, and of the Victoria and Andaychagua plants in the Yauli Unit, increasing its total treatment capacity to 10,500 tpd. Also that year, the Islay Mine was consolidated into the Chungar operating unit through the acquisition of the Islay 4 mining concessions.
The new Alpamarca unit and the Cerro de Pasco Oxides Plant began operations. Volcan acquired the Tingo Hydroelectric plant and 82km of transmission lines. Also, the Jacob Timmers shaft, in the Chungar unit, began operating with a nominal capacity of 4,000 tpd; and the expansion of the treatment capacity of Yauli’s plants was finished, reaching 10,800 tpd.
The hydroelectric plant of Rucuy began commercial operations. With this last addition, the Company owned 13 hydroelectric plants in operation, with a total generating capacity of 63 MW.
Glencore acquired 55.03% of Class A common shares in the Public Tender Offer concluded on November 7, 2017.