Raw material sales prices adversely affected: -22% for manganese ore, -10% for ferronickel Brutal and deep impact of aerospace crisis on results for the High-Performance Alloys division, with cash consumption of €156m during the period at Aubert & Duval Acceleration of portfolio review of least performing assets, all options being considered [...]
Eramet group would like to provide some details as follows. The current crisis due to Covid-19 is unprecedented, with a lasting impact on the global economy. The very significant slowdown of the aerospace sector weighs strongly on the activity of Aubert & Duval, Eramet’s subsidiary. The decrease in the production rates of the aerospace industry [...]
Bolt-on Transaction Further Advances Tronox's Vertical Integration Strategy Tronox Holdings plc today announced that it has signed a definitive agreement to acquire the TiZir Titanium and Iron business from Eramet S.A., a publicly traded French multinational mining and metallurgy company, for approximately $300 million. TiZir's TTI facility [...]
Sale of TiZir’s Norwegian plant for approximately USD300m, corresponding to the full value of the asset Continued development of mining operations in Senegal by Eramet, with a high value creation potential Strengthening Eramet's balance sheet with a significant debt reduction Transaction submitted to the satisfaction of certain conditions [...]
Sales of €774m in Q1 2020, down 11% compared to Q1 2019, mainly due to a sharp decline in manganese ore and ferronickel prices Limited impact of Covid-19 pandemic on the Group’s activity in Q1 2020; to date, operational situation varies according to activity: Roll-out of strict health protocols throughout all the Group’s locations Operations at [...]
Paris, 8 April 2020, 8:00 a.m. PRESS RELEASE Eramet decides not to engage the construction of its lithium production plant in Argentina At the time of the Group’s annual results release on 19 February 2020, Eramet announced its lithium development project in Argentina was on hold, since launch requirements had yet to be met. In the current context [...]
Paris, 30 March 2020, 8:00 a.m. PRESS RELEASE Eramet: Fully committed to face the Covid-19 health situation In the current context of the Coronavirus pandemic marked by the uncertainty in the global economy, Eramet is fully committed to tackling developments in the situation. The Group has two priorities: Protecting the health of all its employees [...]
Paris, 19 February 2020, 6:45 p.m. PRESS RELEASE Eramet: EBITDA at €630m in 2019, reflecting good operating performance, in a deteriorated manganese price environment Sales down 4% in 2019 financial year at €3,671m in a contrasted price environment: sharp decline in manganese ore prices by -21% on average over the year and rise in nickel [...]
Paris, 13 December 2019, 08:00 am PRESS RELEASE Eramet: Update on manganese ore and nickel price trends and the Group's outlook for the 2019 financial year In recent months, Eramet has performed well in terms of production, confirming its targets for 2019, and in particular: production of 4.5 Mt of manganese ore, 720 kt of mineral sands and 1.5 Mt [...]
Paris, 22 November 2019, 08:30 am PRESS RELEASE Eramet: Reduction in the price of electricity for SLN in New Caledonia The rescue plan for SLN, a subsidiary of Eramet, whose target is a USD 1.30/lb1 reduction in cash cost by 2021, includes a USD 0.25/lb reduction lever in the energy price, representing €26m per year. After several months of [...]
Paris, November 21, 2019, 5:45 pm PRESS RELEASE Eramet: Success of the tender offer to repurchase the bonds due November 2020 and of a new issue of bonds for an amount of 300 million euros The press release is available on the Eramet’s website through the following link: Please see press release Or by consulting the section [...]
Paris, 23 October 2019, 7:30 a.m. PRESS RELEASE Eramet: Sales of €895m in third-quarter 2019, in a mixed price environment Q3 2019 sales of €895m, down 6% on Q3 2018, mainly due to an unfavourable price environment in Manganese activity and the impact of bringing quality processes into conformity at Aubert & Duval New quarterly production [...]
