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Eramet: H2 EBITDA Should Be In Line With That Of H1
Eramet Obtains Exploration Permits For Mineral Sands In Cameroon
Eramet Initiates Rescue Plan For SLN In New Caledonia
Eramet SA is a France-based integrated mining and metallurgical company. The Company’s activities are spread across three business divisions: Nickel, which specializes in production of nickel ore in New Caledonia (mining), processing of ore to produce ferronickel, high-purity nickel, production of chemical derivatives of nickel and the manufacture of tungsten carbide and cobalt powders; Manganese, which is engaged in the production of manganese ore and sinter, processing of ore to produce manganese alloys, production of high-purity chrome and hardeners for aluminum production, collection and recycling of catalysts used by oil refineries, extraction and upgrading of metal content; and Alloys, which specializes in the production of closed-die forged parts in titanium, aluminum, steels and nickel-based alloys on high-power presses, production of high-speed steels, special high-performance steels, nickel-based alloys and tool steels, among others.
Tour Maine Montparnasse
10 boulevard de Grenelle
Chairman of the Board, Chief Executive Officer, Member of the Executive Board
Chief Financial Officer, Member of the Executive Board
Chief Executive Officer of ERAMET Alloys, Member of the Executive Board
Chief Executive Officer of ERAMET Nickel and ERAMET Manganese, Member of the Executive Board
Virginie De Chassey
Senior Executive Vice President of Communication and Sustainable Development, Member of the Executive Committee
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France's Eramet on Friday lowered its guidance for second-half profit blaming a sharp fall in prices for nickel and manganese, the miner's two main products.
French mining company Eramet plans to make a final investment decision (FID) in the first quarter of 2020 on its lithium development project in Argentina, with an aim to start production by the end of 2021, CEO Christel Bories said on Friday.
French miner and metals producer Eramet <ERMT.PA> said on Wednesday its Weda Bay Nickel plant in Indonesia would start operation ahead of schedule in the first half of 2020, and it reiterated production targets for this year.
Weak prices hit the first half results of metals and mining company Eramet <ERMT.PA>, although Eramet said it expected its second-half results to show an improvement.
Eramet has approved the development of a lithium mine in Argentina as the French group pursues a shift towards minerals used to power electric vehicles to meet burgeoning demand.
* SLN authorised to export 4 mln tonnes of ore annually for 10 yrs
France's Eramet said on Wednesday it would make a fresh effort this year to stem losses at its nickel business in New Caledonia to avoid a cash crunch next year.
A sharp rise in manganese ore and nickel prices helped Eramet post higher profits in the first half of the year but the French metal and mining group warned on Tuesday that current favourable markets could be hurt by global trade tensions.
Australia's Mineral Deposits <MDL.AX> on Tuesday recommended shareholders accept a revised takeover offer from Eramet <ERMT.PA>, noting that the French company had built up a stake that made it the largest shareholder in the mineral sands producer.
French miner Eramet SA is looking to acquire lithium deposits in Chile, Argentina and Brazil to expand its portfolio into the minerals used in batteries for electric vehicles, its chief executive said on Thursday.
Mineral sands producer Mineral Deposits on Thursday advised its shareholders to reject an increased A$345 million ($261 million) takeover bid from French miner Eramet SA, saying it still undervalued the company.
France's ERAMET <ERMT.PA> on Wednesday increased its all-cash offer for Australia's Mineral Deposits Ltd <MDL.AX> to A$1.75 a share, valuing the company at A$344.7 million ($261 million).
France's ERAMET said on Friday it will make an all-cash takeover bid for Australia's Mineral Deposits Ltd at A$1.46 a share, valuing the company at about A$288 million ($218 million).
* Eramet Chief Executive Christel Bories said on Tuesday that the French mining group is looking to expand in minerals like cobalt, lithium and nickel salts linked to energy transition markets like electric vehicles.
* United Steelworkers - members of local 0639 at Eramet's Manganese plant in Ohio, have ratified new, 3-year contract that covers about 110 workers Source text for Eikon: Further company coverage:
French miner Eramet said on Tuesday that it expects a significant increase in current operating income for 2017 due to progress in cutting costs, increasing productivity and rising nickel prices.
* Intesa and UniCredit sold all shares they had in Eramet, specifically Intesa's 7.114 percent and UniCredit's 4.062 percent
* Intesa Sanpaolo Spa, UniCredit start placement of up to 11.176 percent stake in the company
* Group operating profit rose on strong manganese unit (Recasts with CEO comments from conference call)
France's Eramet <ERMT.PA> announced a preliminary agreement with Chinese steelmaker Tsingshan Group to revive a nickel mining project in Indonesia that Eramet had frozen during a downturn in nickel markets.
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