We are a large-scale, integrated, low-cost zinc producer, with over 60 years of experience in the development and operation of mining and smelting assets in Latin America. Our main shareholder is Votorantim S.A. (64.3%), which constituted Nexa Resources S.A. three years ago, the result of integration between Brazilian and Peruvian operations. GRI 102-1
Since October 2017, our shares have been traded on the New York, United States, and Toronto, Canada stock exchanges. Our headquarters is located in Luxembourg and the administrative headquarters are in the cities of São Paulo (Brazil) and Lima (Peru). Our commercial offices are located in Brazil, Peru, the United States and Luxembourg (which started to coordinate the commercial relations carried out by the offices in Austria and China, which ended their activities in 2019). GRI 102-3, 102-5, 102-10
We currently own and operate five long-life polymetallic mines, three located in the central Andes region of Peru (Cerro Lindo, El Porvenir and Atacocha), and two in the state of Minas Gerais, Brazil (Vazante and Morro Agudo) — and we are developing the Aripuanã Project as our sixth polymetallic mine, located in Mato Grosso, Brazil. Aripuanã is among the largest zinc greenfield projects under construction in the world and is our largest investment in the country, as well as the largest mining investment in the state of Mato Grosso. GRI 102-2, 102-4
Our operations produced 361 thousand tonnes of zinc in 2019. Two of our mines, Cerro Lindo in Peru and Vazante in Brazil, are among the 20 largest zinc mines in the world and, combined with other mining operations, placed us among the four largest zinc producers in the world in 2019, according to Wood Mackenzie. GRI 102-7
We also have three zinc smelters: one in Peru (Cajamarquilla) and two in Brazil (Três Marias and Juiz de Fora), which produce metallic zinc, zinc oxide and by-products. Cajamarquilla is the only zinc smelter operation in Peru and is among the five largest in the world by volume produced, according to a survey by Wood Mackenzie based on from 2019. During the year, our smelters produced 621 thousand tonnes, 584 thousand tonnes of metallic zinc and 37 thousand tonnes of zinc oxide, sold to customers in different industrial segments worldwide, such as automotive, construction, food, agriculture, beauty and hygiene, pharmaceutical, among others. GRI 102-4, 102-6, 102-7
Our net revenue in 2019 was US$ 2.3 billion, adjusted EBITDA totaled US$ 349 million, with a 15% margin. At the end of the year, we had 5,760 own employees and 11,470 outsourced employees. GRI 102-7
One of our competitive advantages is the integration between mines and smelters, which is approaching 60% and should increase with the entry into operation of Aripuanã, starting in 2021. In Brazil, the zinc concentrates extracted from the Vazante and Morro Agudo mines are transformed into metallic products at the Três Marias unit. The Juiz de Fora plant, in addition to concentrates, also uses recyclable materials (such as steel scrap metal and powder) for the production of zinc. In Peru, most of the zinc concentrates produced at the Cerro Lindo, El Porvenir and Atacocha mines are benefited by the Cajamarquilla unit.