Frequently Asked Questions

How can I contact Investor Relations

You can contact Investor Relations by telephone or email, on the following numbers and addresses:
Phone: +55 (11) 5508-6934
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How and where does CBA publish information

All press releases, earnings releases and other announcements of CBA are published in the investor relations section of the Company’s website ( Please register to receive this information by email. Click here to join our mailing list.

Does CBA publish its results in accordance with International Financial Reporting Standards (IFRS)

All consolidated financial statements of CBA have been prepared in accordance with accounting practices adopted in Brazil consisting of the regulations of the Brazilian Securities Commission (CVM) and the Pronouncements, Guidelines and Interpretations issued by the Accounting Pronouncements Committee (CPC) and in accordance with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB). We also voluntarily maintain Sarbanes Oxley Act (SOX) practices, thereby guaranteeing best practices for evaluating the effectiveness of internal controls over the financial statements.

Please specify CBA’s activities and products.

We are engaged in all stages of the aluminum production chain: we mine the bauxite, process the metal and make products ranging from ingots to semi-fabricated products.

Primary products: ingots, billets, slabs and rod.

Semi-fabricated products: foil, slabs, sheet, roofing and siding panels, caster rolls and extruded profiles.

We also recycle the aluminum scrap produced on- and off-site. This supports not only higher production volumes but also increased sustainability and profitability. We are a leader in industrial recycling in our sector in Brazil.

Click here to find out more about our production process and our products.

What is CBA’s production volume

Every year CBA processes 1.71 million tonnes of bauxite and produces 307 thousand tonnes of liquid aluminum and 332 thousand tonnes of primary and semi-fabricated products.

Please specify CBA’s main markets.

We sell our products to the packaging, automotive, transportation, civil construction and consumer product markets in Brazil and overseas. They are used in windows, bicycles, buses, airplanes, medication and food packaging, furniture, cars, household appliances and countless other everyday items.

How many operations does CBA have. Where are your plants and offices located

We are based in seven Brazilian states: Goiás, Minas Gerais, Pará, Pernambuco, Rio Grande do Sul, Santa Catarina and São Paulo. We also have administrative offices in São Paulo (SP) and Caxias do Sul (RS), in addition to 4 manufacturing facilities, 5 mines, 21 hydroelectric power plants, 2 nickel business units and 2 environmental reserves. Find out more here.

Where does CBA stand on ESG

We connect our business to the creation of value for the world. This means working as a network with stakeholders to improve society and grow our business with ethics and integrity. This approach is supported by our ESG Strategy, which focuses on:

– The environmental dimension, the most significant issues we address are emissions, energy, water, the circular economy, dams and biodiversity.

– In the social dimension, the most important topics are attracting and retaining talents, health, safety and quality of life, diversity and inclusion, and our social legacy.

– The governance dimension involves issues such as ethics and transparency, sustainable value chains and ESG ownership (such as progress in embedding sustainability into the CBA culture).

This strategy has 15 programs grouped into 10 levers: 4 in the environmental pillar, 2 in the social pillar, 3 in the governance pillar, and 1 cross-cutting lever spanning all areas. We will invest over R$ 1 billion in these initiatives through 2030.

What human rights measures does CBA take in its business and relations

Our commitment to human rights is evidenced in our actions benefiting people within and outside the Company. We respect our employees and pay them fairly, nurturing a culture that values diversity, professional development, health and well-being for all. We recognize the rights, lawful interests and local customs of the communities where we operate. We on social programs around economic development, education and public management support. We have also committed to the Global Compact and its ten principles on human rights, labor, the environment and anti-corruption.

Contracts with suppliers and third parties contain anti-corruption provisions forbidding them to engage in any form of discrimination or to employ child, forced or slave labor. Our accreditation process requires suppliers to formally accept our Code of Conduct and answer a Compliance Questionnaire providing further details about their internal practices and procedures.

Please describe the Company’s environmental protection practices.

CBA is engaged in preserving biodiversity and tackling climate change. We are the leader in mine reclamation and in low-carbon aluminum production. And we exercise good water, energy and waste stewardship. We also recycle the aluminum scrap produced on-site. We rigorously control our greenhouse gas (GHG) emissions and receive the Gold Seal from the Brazilian GHG Protocol Program for our GHG inventory. We received a leadership-level score of A- for our climate changes disclosures to the CDP. We all committed to eliminating waste disposal in dams by 2030.

We also have two private environmental reserves managed by the company Reservas Votorantim. These reserves help us to protect biomes, mitigate the effects of climate change, carry out research to preserve biodiversity and disseminate best practices in land use and more sustainable technologies.

We were awarded ASI (Aluminum Stewardship Initiative) certification as a result of these endeavors. This seal attests that our aluminum conforms to internationally recognized social, environmental and governance standards across the aluminum life cycle.

Where can I find out more about CBA’s performance

In our Annual Report, which presents the core strategies and initiatives of the Company in the environmental, social, economic and operating fronts. Moreover, our quarterly and annual financial statements present our financial results and key events.

Who are CBA's controlling shareholders

CBA is controlled by Votorantim S.A. Click here for further information

What is CBA’s dividends policy

CBA pays out minimum mandatory dividends equal to 25% (twenty-five percent) of the previous year’s net income.

Additional dividends can also be paid, in accordance with the Dividends Policy.

What is Interest on Equity (JCP)

Interest on Equity (JCP) was created by art. 9 of Law 9.249/95 as a form of additional compensation to that resulting from profit shares, paid to shareholders, owners or partners of a company. Whilst optional, JCP provides an additional yield that shareholders, owners or partners of the company receive on top of their profit shares.

JCP interest is calculated based on the Long-term Interest Rate – TJLP on the values in equity accounts, except the unrealized revaluation surplus, irrespective of capitalization. However, actual payment is conditional on there being available profits, calculated prior to the deduction of the interest or retained earnings and profit reserves in amounts equivalent to, or exceeding, twice the amount of such interest to be paid. The payment of JCP is treated as an expense in the company’s profit and loss, and is deductible for the purpose of income and social contribution taxes.

The JCP is also subject to income tax withheld at source for resident and non-resident recipients.

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