UPDATE 1-Votorantim buys Peruvian zinc miner, Atacocha

(New throughout, adds context, detail on Votorantim)

LIMA, Oct 31 (Reuters) - Brazilian conglomerate Votorantim, which is working to consolidate its position in the zinc market, has bought a controlling stake of class A shares in Atacocha (ATA.LM) (ATB.LM), the Peruvian miner said on Friday.

Votorantim bought 84.54 percent of Atacocha's shares, at a price of $0.51 per share, Atacocha said on the web site of Peru's securities regulator.

Atacocha, one of Peru's leading zinc and lead miners, had said in August that a bloc of its shareholders, with more than 50 percent of voting shares, was looking to sell control of the company. Atacocha did not say how many shares were bought.

In April, Votorantim, which is the world's third-largest zinc producer, tried, but failed to take control of Peruvian miner Milpo (MIL.LM) (MILi.LM), in which it owns a minority stake.

Votorantim has mining and metals operations throughout Latin America and like other companies, is working to up what it owns. (Reporting by Jean Luis Arce; Writing by Dana Ford; Editing by John Picinich)