Paris, 30 September 2016 PRESS RELEASE ODIRNAN: FINAL TERMS The press release is available on the Eramet's website through the following link: http://www.Eramet.com/en/presse-release/Eramet-announces-final-terms-net-share-settled-undated-bonds-convertible-new-shares DISCLAIMER This press release does not constitute or form a part of any offer or [...]
Paris, 27 September 2016 PRESS RELEASE ODIRNAN The press release is available on the Eramet's website through the following link: http://www.Eramet.com/en/presse-release/Eramet-launches-offering-net-share-settled-undated-bonds-convertible-new-shares DISCLAIMER This press release does not constitute or form a part of any offer or solicitation to [...]
Reference is made to the announcement dated August 16th 2016 regarding the incident that occurred at the TiZir Titanium and Iron ilmenite upgrading facility in Tyssedal, Norway, resulting in the furnace being off-line. Planned repairs to the furnace have been completed on time. During the repair period it has become evident that some sections of the furnace lining have also been damaged. The full extent of this damage can only be assessed once the furnace is operating. Operations commenced on 21 September with hot conditions expected to be reached in 3-4 weeks. [...]
The raw materials sector is going through a crisis of exceptional length and magnitude, strongly impacting all the mining and metallurgical groups. The Eramet Group metal prices have reached their lowest level for nearly 15 years in the first quarter of 2016, which has strongly impacted the Group's results.
ERAMET`s Board of Directors met today under the chairmanship of Patrick Buffet. The Board approved the project for the cost reduction and productivity improvement plan presented by the Executive Management of SLN, a 56% owned subsidiary of ERAMET. The project focuses on SLN`s mines and metallurgical plant in New Caledonia. The objective is to [...]
Eramet group: sales are down 14% in first-quarter 2016 compared with first-quarter 2015, mainly due to the evolution of nickel prices. Manganese ore prices rose sharply at the end of the first quarter. Eramet Nickel sales fell by 39% and Eramet Manganese sales by 10% compared with first-quarter 2015. Eramet Alloys sales were stable (down 2 [...]
2015 results have been very significantly impacted by struggling world crisis of metal and mining sector with prices at their lowest in 15 years - nickel and manganese have been specifically and simultaneously affected. Eramet group sales remained nevertheless steady at ?3,109 million. Current operating income stood at -?207 million and net income [...]
The Eramet group dismisses strongly rumours that it is halting its nickel production units. The Eramet group issues a firm denial of reports carried in various articles of this morning's press that it was halting its nickel production in New Caledonia. It is currently considering a project which will be submitted to the staff representative bodies [...]
The Eramet group wishes to announce a restructuring of Delegate CEOs at its mining divisions, in order to assign the functions currently carried out by the two Delegate CEOs of the Manganese and Nickel divisions to a single Delegate CEO. Philippe VECTEN will henceforth undertake responsibility as Delegate CEO of the Nickel division, in addition to [...]
Q3 turnover for the Eramet group fell 6% year-on-year, pulled down by the 33% drop in Eramet Nickel's turnover. Eramet Manganese and Eramet Alloys held up well, with turnover rising 5% and 3%, respectively.
In a global environment in which metal prices have reached their lowest level in 15 years, the Eramet group is particularly impacted by the prices of nickel and manganese, which have fallen simultaneously to historically low levels. All mining companies today are faced with the impacts of this metal crisis.