Brazil-based mining company Votorantim Metais Holding filed on Thursday for an initial public offering in New York and Toronto, according to a securities filing, which did not signal the pricing or total fundraising expected.
Proceeds from the offering would go entirely to the controlling shareholder, Brazilian industrial group Votorantim. Reuters reported in July that the base metals producer, which mines for zinc, copper and lead in Brazil and Peru, where it controls Cia Minera Milpo, was planning a $750-million IPO valuing the company at $4-billion.
