Votorantim Metais’ net revenues up 13% in 2011, shrugs off problems with aluminium
Mar 19, 2012 | 10:52 AM
Votorantim Metais (VM) boosted sales revenues by 13% last year, from 7.9 to 8.9 billion Reais ($4.9 billion), mainly on the back of higher zinc sales volume.
Higher prices for zinc, aluminium and nickel also contributed for the lift, the miner’s parent company, Votorantim Industrial, said in its 2011 financial report on Friday March 16.
The positive factors more than compensated a huge drop in aluminium sales, from 495,000 tonnes to 449,000 tonnes, as a consequence of an “unscheduled technical maintenance operation” at the company’s CBA smelter in São Paulo state, Brazil.
The maintenance caused....
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