As part of its strategic vision for infrastructure and mining development in Latin America, Integra Capital is strengthening its presence in Peru through the restructuring of Volcan Compañía Minera and its key role in the major Port of Chancay project—one of the region’s most significant logistics developments.

Acquisition of Majority Stake in Volcan

In May 2024, Transition Metals AG — a Swiss subsidiary of Integra Capital Business S.A. — acquired a 55% stake in Volcan Compañía Minera’s Class A shares from Glencore International AG. The transaction, valued at USD 20 million with additional financing of up to USD 40 million, did not require regulatory approvals, allowing for swift and efficient execution.

Class A shares carry full voting rights, granting Integra Capital a decisive role in the company’s strategic direction. With this acquisition, Integra now controls 63% of the voting shares and is seeking to further consolidate its position through a Public Acquisition Offer (OPA) for an additional 23.31%.

Separation of Port Operations and the Creation of Inversiones Portuarias Chancay

As part of Volcan’s restructuring, a partial spin-off of the port business led to the creation of Inversiones Portuarias Chancay S.A.A., which holds 40% of the Chancay Port Project. The remaining 60% is owned by Cosco Shipping. This separation allows for a more focused and efficient management structure, distinguishing between mining assets and logistical operations and enhancing governance in each segment.

Port of Chancay: A Strategic Infrastructure for the Region

The Port of Chancay is regarded as a strategic hub on the Pacific coast for Peruvian mineral exports and direct trade with Asian markets. Its development aims to reduce logistical costs, shorten transportation times, and improve the competitiveness of key regional minerals such as zinc, lithium, and silver.

Integra Capital’s Vision for Latin America

Under the leadership of its Chairman and principal shareholder, José Luis Manzano, Integra Capital has outlined a regional investment strategy focused on energy transition assets, spanning mining, energy, infrastructure, and media sectors.

The involvement in Volcan and the advancement of the Port of Chancay reinforce this vision, enabling the creation of a logistics platform that adds value across the Latin American natural resources supply chain. With its international structure, Integra Capital continues to build an active, long-term presence in the markets where it operates, bringing capital, expertise, and a vision for sustainable transformation.

Source: El Mercantil