Responsible crisis management 2020 targets achieved for the Mining and Metals division: 5.8 Mt of manganese ore produced, more than 6 Mt of transported ore in Gabon 2.5 Mwmt of nickel ore exports in New Caledonia 3.4 Mwmt of nickel ore and 23.5 kt-Ni of ferroalloys produced in Indonesia Costs control in the High-Performance Alloys division in H21 [...]
Eramet and Tronox Holdings plc. signed an agreement on 14 May 2020 for the sale of 100% of the shares of TTI, TiZir’s Norwegian plant, to Tronox. As announced to the market on January 4th, 2021, the UK Competition and Markets Authority decided to refer the proposed acquisition to a Phase 2 investigation unless an offer of satisfactory remedies is [...]
Tronox Holdings plc today received a decision from the British Competition and Markets Authority indicating that it intends to open a Phase 2 investigation into Tronox's proposed acquisition of the TiZir Titanium and Iron business from Eramet S.A. as announced on May 14, 2020. As a standard part of the process, the Company may offer remedies to the [...]
Eramet and Tronox Holdings plc. signed an agreement on 14 May 2020 for the sale of 100% of the shares of TTI, TiZir’s Norwegian plant, to Tronox. As announced to the market, the closing of this transaction was subject to certain regulatory approvals. To date, regulatory approvals in terms of competition and market concentration, in the United [...]
Paris December 15th, 2020, 5:45 pm PRESS RELEASE BASF and Eramet partner to assess the development of a nickel-cobalt refining complex to supply growing electric vehicle market Ludwigshafen, Germany and Paris, France – BASF and Eramet have signed an agreement to jointly assess the development of a state-of-the-art nickel and cobalt [...]
Paris, December 14, 2020, 7:30 pm PRESS RELEASE CDP Report 2020: Eramet rewarded for its progress in the fight against climate change Eramet, a global mining and metallurgical group, has obtained a B grade, which is a clear improvement, in the climate section of the 2020 ranking of the Carbon Disclosure Project , an international reference [...]
Paris, 28 October 2020, 7:30 a.m. PRESS RELEASE Eramet: Third-quarter 2020 turnover stable, the sales of the Mining and Metals division offset the impact of the profound aerospace crisis Sales of €850m Significant decline in Aubert & Duval sales: -18% from 2019, -34% over two years Excellent production and sales performance from mining activities [...]
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 [...]