Peruvian zinc miner Volcán has proposed a capital increase equivalent to 16% of its shares worth roughly 120mn soles (US$38.4mn), the company reported to securities regulator Conasev.
The company was not immediately available for comment on the purpose of the funds that will be raised from the issue of some 166mn shares.
The miner also informed it has proposed to issue a dividend of 0.10 soles for each A common shares and 0.105 soles per B share amounting to a total of 107mn soles.
Volcán is one of the world's largest zinc producers with the Yauli, Cerro de Pasco and Vinchos operations in central Peru. The company sold 449,550t of zinc concentrates in 2006.
Publication: Business News Americas - English News
Provider: Business News Americas
Date: September 24, 2007 (21:07)
9/24/07
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