Latest news with #Nexa
Yahoo
15-05-2025
- Business
- Yahoo
Nexa Resources Announces Sale of Otavi Project
Luxembourg, Luxembourg--(Newsfile Corp. - May 15, 2025) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources", "Nexa" or the "Company") announces today the signing of a definitive agreement between its subsidiary, Votorantim Metals Namibia (Pty) Ltd., and Midnab Resources (Pty) Ltd. ("Midnab"), a subsidiary of Midas Minerals Ltd. (ASX Symbol: MM1), for the sale of ten Exclusive Prospecting Licenses ("EPLs") forming part of the Otavi and Namibia North projects (the "Project"), located in the Damara Belt region of Namibia (the "Transaction"). The Project was previously part of a joint venture between Nexa Recursos Minerais S.A. ("Nexa Brazil") and the Japan Organization for Metals and Energy Security ("JOGMEC"), a Japanese state-owned enterprise. JOGMEC retains rights to 49% of the proceeds from this sale. The total consideration includes a purchase price of US$3.0 million, payable at closing (the "Completion"), and additional contingent payments of up to US$7.0 million, to be paid in cash in three installments, subject to the achievement of certain development milestones. Nexa will also retain royalty rights tied to the future advancement of the Project. Completion of the Transaction is expected by December 31, 2025, subject to customary conditions precedent. As previously disclosed, Nexa continues to evaluate risk-return alternatives across its portfolio. This divestment represents another step in the Company's ongoing portfolio optimization strategy, which focuses on prioritizing return-generating assets, enhancing free cash flow, and aligning with its disciplined capital allocation framework. Namibia remains a strategic region for Nexa as the Company expands its copper exploration efforts beyond Latin America. About Midnab Resources (Pty) Ltd. Midnab Resources (Pty) Ltd is a wholly owned subsidiary of Midas Minerals Limited, a mineral exploration company listed on the Australian Securities Exchange with a primary focus on precious and base metals. Midas' Board and management have a strong track record of delivering value for stakeholders through world-class mineral discoveries and mine development in Africa and Australia. About Nexa Nexa is a large-scale, low-cost, integrated polymetallic producer, zinc being our main product, with over 65 years of experience developing and operating mining and smelting assets in Latin America. Nexa currently owns and operates four long-life underground polymetallic mines, two located in the Central Andes region of Peru, and two located in Brazil (one in the state of Minas Gerais and one in the state of Mato Grosso). Nexa also owns and operates one low-cost polymetallic open pit mine, also in the Central Andes region of Peru, and three smelters, two located in the state of Minas Gerais in Brazil (Três Marias and Juiz de Fora), and one, located in Lima, which is Cajamarquilla, the largest smelter in the Americas. Nexa was among the top five producers of mined zinc globally in 2024 and one of the top five metallic zinc producers worldwide in 2024, according to Wood Mackenzie. Cautionary Statement on Forward-Looking Statements This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to in this news release as "forward-looking statements"). All statements other than statements of historical fact are forward-looking statements. The words "believe," "will," "may," "may have," "would," "estimate," "continues," "anticipates," "intends," "plans," "expects," "budget," "scheduled," "forecasts" and similar words are intended to identify estimates and forward-looking statements. Forward-looking statements are not guarantees and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Nexa to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results and developments may be substantially different from the expectations described in the forward-looking statements for a number of reasons, many of which are not under our control, among them, the activities of our competition, the future global economic situation, weather conditions, market prices and conditions, exchange rates, and operational and financial risks. The unexpected occurrence of one or more of the abovementioned events may significantly change the results of our operations on which we have based our estimates and forward-looking statements. Our estimates and forward-looking statements may also be influenced by, among others, legal, political, environmental or other risks that could materially affect the potential development of our projects, including risks related to outbreaks of contagious diseases or health crises impacting overall economic activity regionally or globally, as well as risks relating to ongoing or future investigations by local authorities with respect to our business and operations and the conduct of our customers, including the impact to our financial statements regarding the resolution of any such matters. Our estimates and forward-looking statements may also be influenced by regulatory changes in the countries where we operate, including new trade restrictions, tariff escalations, and policy shifts affecting cross-border commerce and supply chains. Certain forward-looking statements are based on third-party data, market forecasts, and assumptions that may be subject to change. Nexa does not guarantee the accuracy of such external data and disclaims any obligation to update these statements unless required by law. These forward-looking statements related to future events or future performance and include current estimates, predictions, forecasts, beliefs and statements as to management's expectations with respect to, but not limited to, the business and operations of the Company and mining production, our growth strategy, the impact of applicable laws and regulations, future zinc and other metal prices, smelting sales, capex, expenses related to exploration and project evaluation, estimation of Mineral Reserves and/or Mineral Resources, mine life and our financial liquidity. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable and appropriate by management and qualified persons considering their experience are inherently subject to significant uncertainties and contingencies and may prove to be incorrect. Statements concerning future production costs or volumes are based on numerous assumptions of management regarding operating matters and on assumptions that demand for products develops as anticipated, that customers and other counterparties perform their contractual obligations, full integration of mining and smelting operations, that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts and supplies, labor disturbances, interruption in transportation or utilities, adverse weather conditions, and that there are no material unanticipated variations in metal prices, exchange rates, or the cost of energy, supplies or transportation, among other assumptions. We assume no obligation to update forward-looking statements except as required under securities laws. Estimates and forward-looking statements refer only to the date when they were made, and we do not undertake any obligation to update or revise any estimate or forward-looking statement due to new information, future events or otherwise, except as required by law. Estimates and forward-looking statements involve risks and uncertainties and do not guarantee future performance, as actual results or developments may be substantially different from the expectations described in the forward-looking statements. Further information concerning risks and uncertainties associated with these forward-looking statements and our business can be found in our public disclosures filed under our profile on SEDAR+ ( and on EDGAR ( For further information, please contact:Investor Relations Teamir@ To view the source version of this press release, please visit Sign in to access your portfolio
Business Wire
14-05-2025
- Business
- Business Wire
Nexa Equity Closes Oversubscribed $390 Million Fund II to Partner with Visionary Founders of High-Growth Vertical SaaS Companies
SAN FRANCISCO--(BUSINESS WIRE)--Nexa Equity, a San Francisco-based private equity firm that partners with high-growth vertical SaaS companies to help scale them into market leaders, today announced the closing of Nexa Equity Fund II ('Fund II') with over $390 million in commitments. The oversubscribed fund reached its hard cap in six months, bringing Nexa's total assets under management to more than $1 billion. The raise drew strong participation from both new and existing institutional partners, reflecting deep alignment with Nexa's focused investment strategy and hands-on approach to creating value. Nexa is honored to have the trust and backing of an exceptional group of limited partners – including pension funds, university endowments, insurance companies, fund-of-funds, family offices, foundations, and investment consultants. Nexa believes this breadth of support reflects a shared confidence in Nexa's collaborative, sector-focused approach and continued commitment to supporting SaaS founders in ways beyond providing capital. With Fund II, Nexa intends to continue investing in a select group of vertical SaaS companies committed to solving real-world problems—businesses with the potential to scale rapidly and lead their categories. Backed by a team of 18 experienced investors and operators, Nexa partners closely with founders to accelerate growth through operational excellence, scalable go-to-market execution and strategic M&A. 'We are honored by the support of our investors and energized every day by the founders who trust us to help bring their visions to life,' said Vlad Besprozvany, Founder and Managing Partner of Nexa Equity. 'We are excited to keep building enduring, industry-shaping businesses together with our founders, limited partners, and the broader community.' Nexa's success stems from close alignment with company founders who deeply understand their industries, often creating software to address challenges they personally experienced. 'Nexa kept diving deeper to understand my world,' said Dean Dorcas, Founder and CEO of Easy Metrics, a company in the Nexa portfolio. 'That commitment made them the right partner.' Patrick Fingles, Founder and CEO of Leap, another Nexa portfolio company, added, 'Nexa helped me think critically about building the right leadership team from day one. Their perspective was unique and incredibly valuable.' Since its founding in 2021, Nexa scaled quickly by cultivating a culture defined by partnership, accountability, scrappiness, and transparency. The firm's growing team includes ten investment professionals and six operating partners united by a mission to support the next generation of category-defining vertical SaaS companies. M2O Private Fund Advisors served as the exclusive placement agent to Nexa Equity. Kirkland & Ellis LLP served as legal counsel. About Nexa Equity Nexa Equity is a San Francisco-based private equity firm partnering with founder-led high-growth vertical SaaS companies that address markets underserved by technology to create long-term value for investors and portfolio companies. The firm manages more than $1 billion in assets. Nexa's team brings substantial investing and operational expertise to help founders and management teams professionalize and scale their businesses for sustainable growth. For more information, please visit
NDTV
14-05-2025
- Automotive
- NDTV
Maruti Suzuki Nexa Discounts: Jimny, Fronx And More Get Up To Rs 1.15 Lakh Off
Maruti Suzuki is offering discounts on its models retailed through the Nexa outlets. In May 2025, consumers will get offers on models like Baleno, Fronx, Jimny, and others. This comes as part of the brand's regular practice, and the offers are available in various forms. For instance, the consumers can have a cash discount, an exchange bonus, a scrappage bonus, an accessory kit, and more. Here we take a look at the discounts available on various models. Maruti Suzuki Baleno The popular premium hatchback of the brand is available with a discount of up to Rs 45,000. This consists of Rs 25,000 in cash discount on the Manual Transmission version, while the AGS version of the car gets Rs 30,000 discount. The brand is also offering Rs 15,000 in exchange bonus. Apart from that, there is also a discount on the optional Regal Edition accessories kit. Also Read: Honda Announces Offers Worth Rs 76,000 On Elevate, City, And More Maruti Suzuki Fronx The naturally aspirated engine variants of the Maruti Suzuki Fronx have received a discount of up to Rs 10,000. However, this discount is not valid for the Sigma variant. Similarly, the AGS versions of the car get a Rs 15,000 discount along with an additional exchange bonus of Rs 15,000. Meanwhile, the variants with the Turbo petrol engine get a Rs 30,000 cash discount and a Velocity Accessories Kit worth Rs 43,000 with an additional exchange bonus of Rs 15,000. Maruti Suzuki Jimny Maruti Suzuki Jimny has been getting discount offers for months now. In May 2025, the off-road capable SUV of the brand received a cash discount of up to Rs 1 lakh. However, this offer is limited to the Alpha variant of the vehicle. Maruti Suzuki XL6 The Maruti Suzuki XL6, the MPV of the brand retailed through the Nexa outlets. This month it is available with a scrappage bonus of up to Rs 25,000. It comes at a starting price of Rs 11.84 lakh (ex-showroom) and houses a 1.5-litre petrol engine. Maruti Suzuki Invicto Maruti Suzuki Invicto, based on the Toyota Innova Hycross, is available in 7-seat and 8-seat configurations. The Invicto comes at a starting price of Rs 25.51 lakh (ex-showroom) and is currently available with a discount of up to Rs 25,000. Furthermore, the consumers can avail an exchange bonus of Rs 1 lakh or a scrappage benefit of to Rs 1.15 lakh. Maruti Suzuki Grand Vitara The hybrid SUV of the brand comes at a starting price of Rs 11.42 lakh (ex-showroom). It is available with a discount of up to Rs 25,000 and gets an exchange bonus of up to Rs 50,000. Meanwhile, the six airbag version of the SUV comes with Rs 15,000 cash discount and Rs 30,000 exchange bonus.
Time of India
12-05-2025
- Automotive
- Time of India
Maruti Suzuki to offer 6 airbags as standard in Alto K10, WagonR
Maruti Suzuki India on Monday said it will offer six airbags as standard equipment across models like WagonR , Alto K10 , Celerio , and Eeco . The move underscores the company's commitment to offering enhanced safety for customers across diverse segments, the country's largest carmaker said in a statement. #Operation Sindoor The damage done at Pak bases as India strikes to avenge Pahalgam Why Pakistan pleaded to end hostilities Kashmir's Pahalgam sparks Karachi's nightmare "India's rapidly expanding modern road infrastructure, high-speed expressways, and evolving mobility patterns imply that the need for robust safety measures has never been greater," Maruti Suzuki India Senior Executive Officer (Marketing & Sales) Partho Banerjee said. With the decision to make six airbags standard in the WagonR, Alto K10, Celerio, and Eeco, the company is ensuring that enhanced safety is available for all, he added. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Hung Long: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo "Given the immense popularity of these models, this move substantially elevates safety standards for a vast number of motorists and contributes holistically to occupant protection nationwide," Banerjee said. The company sells models like WagonR, Alto K10, Celerio, and Eeco through its Arena sales network. Live Events It sells premium models like Grand Vitara and Invicto through Nexa outlets.
Yahoo
08-05-2025
- Business
- Yahoo
Nexa Resources S.A. Reports Voting Results from Annual and Extraordinary General Meetings
Luxembourg, Luxembourg--(Newsfile Corp. - May 8, 2025) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources" or "Nexa" or the "Company") announces that the Annual General Meeting of the Shareholders and the Extraordinary General Meeting of the Shareholders were successfully held today at its registered office. A total of 117,688,927 shares were voted at the Annual General Meeting of the Shareholders and at the Extraordinary General Meeting of the Shareholders, representing 88.86% of the overall votes attached to outstanding shares. Shareholders voted in favor of all proposed resolutions, as follows: Resolution - AGM % For % Withheld Reelect Board member: Flavio Aidar 87.00% 13.00% Appointment of the statutory auditor: PricewaterhouseCoopers LLP 79.35% 20.65% Annual Accounts 2024 100.00% 0.00% Consolidated Financial Statements 2024 100.00% 0.00% Approve the share premium reimbursement and carry forward losses for 2024 100.00% 0.00% Discharge Board members 83.68% 16.32% Remuneration of Board members 99.99% 0.01%Resolution - EGM % For % Withheld Approve the authorization of the Board to increase share capital 76.14% 23.86% Approve the authorization of the Board to limit or cancel placing preferential rights in public offers 76.15% 23.85% Approve the amendments to article 5.8 of the Articles of Association 76.15% 23.85% Mentioned percentages do not consider abstention votes, excluded from the calculation of votes cast. Detailed voting results are also available on EDGAR and SEDAR+ About Nexa Nexa is a large-scale, low-cost, integrated polymetallic producer, zinc being our main product, with over 65 years of experience developing and operating mining and smelting assets in Latin America. Nexa currently owns and operates four long-life underground polymetallic mines, two located in the Central Andes region of Peru, and two located in Brazil (one in the state of Minas Gerais and one in the state of Mato Grosso). Nexa also owns and operates one low-cost polymetallic open pit mine, also in the Central Andes region of Peru, and three smelters, two located in the state of Minas Gerais in Brazil (Três Marias and Juiz de Fora), and one, located in Lima, which is Cajamarquilla, the largest smelter in the Americas. Nexa was among the top five producers of mined zinc globally in 2024 and one of the top five metallic zinc producers worldwide in 2024, according to Wood Mackenzie. Cautionary Statement on Forward-Looking Statements This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to in this news release as "forward-looking statements"). All statements other than statements of historical fact are forward-looking statements. The words "believe," "will," "may," "may have," "would," "estimate," "continues," "anticipates," "intends," "plans," "expects," "budget," "scheduled," "forecasts" and similar words are intended to identify estimates and forward-looking statements. Forward-looking statements are not guarantees and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Nexa to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results and developments may be substantially different from the expectations described in the forward-looking statements for a number of reasons, many of which are not under our control, among them, the activities of our competition, the future global economic situation, weather conditions, market prices and conditions, exchange rates, and operational and financial risks. The unexpected occurrence of one or more of the above mentioned events may significantly change the results of our operations on which we have based our estimates and forward-looking statements. Our estimates and forward-looking statements may also be influenced by, among others, legal, political, environmental or other risks that could materially affect the potential development of our projects, including risks related to outbreaks of contagious diseases or health crises impacting overall economic activity regionally or globally, as well as risks relating to ongoing or future investigations by local authorities with respect to our business and operations and the conduct of our customers, including the impact to our financial statements regarding the resolution of any such matters. Our estimates and forward-looking statements may also be influenced by regulatory changes in the countries where we operate, including new trade restrictions, tariff escalations, and policy shifts affecting cross-border commerce and supply chains. Certain forward-looking statements are based on third-party data, market forecasts, and assumptions that may be subject to change. Nexa does not guarantee the accuracy of such external data and disclaims any obligation to update these statements unless required by law. These forward-looking statements related to future events or future performance and include current estimates, predictions, forecasts, beliefs and statements as to management's expectations with respect to, but not limited to, the business and operations of the Company and mining production, our growth strategy, the impact of applicable laws and regulations, future zinc and other metal prices, smelting sales, capex, expenses related to exploration and project evaluation, estimation of Mineral Reserves and/or Mineral Resources, mine life and our financial liquidity. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable and appropriate by management and qualified persons considering their experience are inherently subject to significant uncertainties and contingencies and may prove to be incorrect. Statements concerning future production costs or volumes are based on numerous assumptions of management regarding operating matters and on assumptions that demand for products develops as anticipated, that customers and other counterparties perform their contractual obligations, full integration of mining and smelting operations, that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts and supplies, labor disturbances, interruption in transportation or utilities, adverse weather conditions, and that there are no material unanticipated variations in metal prices, exchange rates, or the cost of energy, supplies or transportation, among other assumptions. We assume no obligation to update forward-looking statements except as required under securities laws. Estimates and forward-looking statements refer only to the date when they were made, and we do not undertake any obligation to update or revise any estimate or forward-looking statement due to new information, future events or otherwise, except as required by law. Estimates and forward-looking statements involve risks and uncertainties and do not guarantee future performance, as actual results or developments may be substantially different from the expectations described in the forward-looking statements. Further information concerning risks and uncertainties associated with these forward-looking statements and our business can be found in our public disclosures filed under our profile on SEDAR+ ( and on EDGAR ( For further information, please contact:Investor Relations Teamir@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
