Paris, 8 June 2017, 8:30am PRESS RELEASE Agreement finalised with the Tsingshan group to develop the Weda Bay Nickel deposit in Indonesia Eramet has announced an agreement finalised with the Chinese Steel Group Tsingshan, a leading stainless steel world producer, to develop the Weda Bay nickel deposit in Indonesia. Acquired by Eramet in 2006 [...]
Paris, 12 May 2017, 17:40 PRESS RELEASE Change in the partnership between ERASTEEL and Heye Special Steel Co., Ltd in China ERASTEEL, a 100% subsidiary of Eramet, and the Chinese company AT&M (Advanced Technology & Materials Co., Ltd) have signed a memorandum of understanding concerning the future of their activities in China in the domain of [...]
Paris, 28 April 2017, 08:30 PRESS RELEASE Eramet group: Sales up sharply in first-quarter 2017 Sales in first-quarter 2017 at ?854 million, up sharply (+28%) compared with first-quarter 2016. Nickel prices and manganese ore prices in first-quarter 2017 came out at substantially higher levels compared [...]
Eramet group: Deployment of a new Governance cycle In recent years, Eramet has had to face a global crisis in ores and raw materials on an unprecedented scale, which has very severely affected its business activity. Against this backdrop, Mr Patrick BUFFET, Eramet's Chairman & Chief Executive Officer, decided to implement a cost reduction and [...]
A successful strategy: Objectives exceeded for 2016 cost reduction and productivity plan rolled out across the Group: ?129 million achieved in 2016, and ?306[1] million in total cumulated impact since 2014, significantly exceeding the objectives set in the 2014 - 2017 plan. Final plan target is raised to ?4001 million from ?3601 million previously [...]
Paris, 17 January 2017, 8:30 am PRESS RELEASE Eramet group: 2-year maturity extension of the Syndicated Revolving Credit Facility Eramet announces the renegotiation of the terms of its ?981 million Revolving Credit Facility, extending its maturity by 2 years. The initial maturity schedule included [...]
Paris, 3 January 2017 PRESS RELEASE Eramet group: Closing as of 30 December 2016 of the sale of ERACHEM (manganese chemicals) to PMHC II, Inc., for an amount of USD193 million As part of its asset disposals program, and following the agreement concluded on 10 December 2016, Eramet announces the definitive closing as of 30 December 2016 of the [...]
Paris, 23 December 2016 PRESS RELEASE Update regarding operational incident at TiZir (a 50% Eramet subsidiary) in Norway on 5 August 2016 Reference is made to the announcements dated August 16th, September 22nd and October 24th 2016 regarding the incident that occurred at the TiZir ilmenite upgrading facility in Tyssedal, Norway. The relining of [...]
Paris, 12 December 2016 PRESS RELEASE Eramet group: Agreement to sell ERACHEM (Manganese Chemicals) to PMHC II, Inc. As part of its asset disposals program, Eramet announces the signature of an agreement for the sale of ERACHEM to the American company PMHC II, the parent company of Prince International Corporation. The scope of the transaction [...]
Paris, 9 December 2016 PRESS RELEASE Eramet group: Signature of an agreement in order to sell Eurotungstene to Umicore As part of its asset disposals program, Eramet announces the signature of an agreement in order to sell Eurotungstene to Umicore. Eurotungstene operates a plant located in Grenoble (France) dedicated to developing, producing and [...]
Third-quarter sales in 2016 at 714 million euros, steadily increasing since the start of 2016. Significant rise in manganese ore prices throughout third-quarter 2016 at a higher level of 70% on average compared with the average of the first three months of 2016
Reference is made to the announcements dated August 16th and 22nd of September 2016 regarding the incident that occurred at the TiZir Titanium and Iron ilmenite upgrading facility in Tyssedal. Taking into account observations made during the repair and heating period carried out since 22 September the decision has been made to proceed to relining [...]