Key Developments: Eramet SA (ERMT.PA)

ERMT.PA on Paris Stock Exchange

74.24EUR
24 Oct 2014
Price Change (% chg)

€-1.48 (-1.95%)
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€75.72
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16,654
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€102.00
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Latest Key Developments (Source: Significant Developments)

Eramet SA Issues H2 Fy 2013 Operating Income Guidance Below Analysts' Estimates
Monday, 29 Jul 2013 01:01am EDT 

Eramet SA announced that it expects its operating income for the second half of fiscal year 2013 to be significantly lower than in the first half of fiscal year 2013. The Company rep[reported for the first half of fiscal year 2013 an operating income of EUR 34.50 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report an operating income of EUR 64 million.  Full Article

Eramet SA Announces Ruling by Lyon Administrative Appeal Court
Tuesday, 7 May 2013 12:02pm EDT 

Eramet SA announced that, by a ruling on May 7, 2013, the Lyon administrative appeal court overturned the French labour ministry's refusal to add Eramet Group subsidiary Aubert & Duval's Les Ancizes site to the list of units whose employees are entitled to the early retirement system for asbestos workers for the period prior to 2005. This decision of justice challenges the findings of the four investigations ordered by the labour ministry, then confirmed by Clermont-Ferrand administrative court. Aubert & Duval will bring an appeal before the supreme administrative court against the ruling of the Lyon administrative appeal court. Implementation of this ruling could lead to early retirements by employees under the current regulatory framework.  Full Article

Eramet SA Announces the Ruling of Paris Court of Appeal
Tuesday, 19 Mar 2013 01:04pm EDT 

Eramet SA announced that in the dispute opposing, in the presence of the Company, Carlo Tassara France and SIMA, Sorame, Ceir and various members of the Duval family, the Paris Court of Appeal confirmed the judgment of the Paris Tribunal of Commerce of December 2, 2011 in all its provisions and furthermore condemned Carlo Tassara France to pay, pursuant to article 700 of the Code of Civil Procedure, to the jointly interested Duval parties and Sorame and Ceir together the sum of EUR 50,000, to the Company EUR 50,000 and to EHA, under Sima's rights, EUR 30,000. It also rejected all other claims and ordered Carlo Tassara France to pay any appeal expenses that may be recovered under the provisions of article 699 of the Code of Civil Procedure.  Full Article

Eramet SA Proposes FY 2012 Dividend, And Issues Production Guidance
Friday, 22 Feb 2013 01:02am EST 

Eramet SA announced that its Board of Directors will propose to Shareholders at the next General Meeting a dividend of EUR1.30 per share for fiscal year 2012. Eramet SA also announced that ERAMET Manganese is expected to increase its production of manganese ore and sinter by roughly 20% in 2013.  Full Article

Eramet SA's Societe Le Nickel-SLN Signs Declaration of Intent with Southern Province and Vale New Caledonia on Prony and Creek Pernod Deposits
Tuesday, 6 Nov 2012 01:31am EST 

Eramet SA announced that its subsidiary Societe Le Nickel-SLN has signed a declaration of intent with Southern Province and Vale New Caledonia on Prony and Creek Pernod deposits. As the Southern Province has announced, Le Nickel-SLN has signed a declaration of intent under which it agrees to begin talks with Southern Province and Vale New Caledonia with the aim of signing a cooperation program on, first, exploration of the Prony and Creek Pernod deposits and, second, the possibility of beneficiating those deposits.  Full Article

Eramet picks Eiffage as preferred bidder for power plant

PARIS, Oct 2 - Mining group Eramet said on Thursday it had selected Eiffage as preferred bidder to develop a coal-fired power plant in New Caledonia that Eramet hopes will cut its nickel production costs.

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