At a glance

Volcan is one of the largest producers of zinc, lead and silver in the world.

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.

Mission

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.

Vision

By 2021, Volcan aspires to be one of the principal mining companies, diversified in the production of base and precious metals, and a leader in growth and operational excellence acting in a socially responsible manner with a dedicated and highly qualified workforce.

Our Values

Our Values

Our values are part of our organizational culture and characterize each member of our company. We have a commitment to act with safety and enforce our policies with integrity and respect in order to reach corporate excellence.

Safety
Our actions are aimed at mitigating all risks in order to guarantee the health and safety of our employees in day-to-day operations.
Integrity
Our conduct reflects an honest, just, ethical, and transparent attitude in all of our actions.
Commitment
We are part of a larger corporate project in which we firmly believe and for which we give our best.
Excellence
We strive to always meet the highest performance standards in our work to achieve outstanding results.
Respect
Our actions are aimed at creating harmonious relationships with our employees, communities, environment, customers, and shareholders.

History

1943

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.

1997

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.

1998

Volcan merges with Empresa Minera Mahr Túnel S.A., becoming Volcan Companía Minera S.A.A.

1999

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.

2000

Volcan added to its portfolio the Animón and Vinchos mines and the Francoise and San José II plants.

2004

The Vinchos Mine began its operations.

2006

Volcan acquired the Zoraida and El Pilar mines, the latter being adjacent to the Cerro de Pasco unit.

2009

Expanded the capacity of the Baños IV hydroelectric plant, giving Volcan a total of 13 MW of installed capacity.

2010

Volcan acquired Compañía Minera San Sebastián, whose mining concessions are also located near Cerro de Pasco.

2011

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.

2012

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.

2013

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.

2014

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.

2016

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.

2017

Glencore acquired 55.03% of Class A common shares in the Public Tender Offer concluded on November 7, 2017.