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Eramet SA (ERMT.PA)

ERMT.PA on Paris Stock Exchange

22 Jul 2016
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Tue, Jul 12 2016

Eramet's nickel business SLN agrees to 200 mln euro state loan

PARIS, July 12 Mining group Eramet said that the board of its nickel subsidiary SLN in New Caledonia has approved a 200 million euro ($222.28 million) loan from the French government, aimed at helping the loss-making business survive a severe market downturn.

Eramet agrees rescue plan for New Caledonia nickel business

PARIS, May 9 The board of Eramet agreed on Monday to financing and cost-saving measures to help its SLM nickel business in New Caledonia survive a severe market downturn, supported by a loan from the French government.

French miner Eramet expects first half loss, pursues nickel savings

PARIS, April 22 French mining and metals group Eramet said on Friday it expects to post another operating loss in the first half due to weak metal prices and would pursue efforts to save cash at its troubled nickel unit.

France considering capital increase for Eramet - newsletter

PARIS, April 4 The French government is looking at a comprehensive solution to revive Eramet which could include a capital increase of the ailing mining group, newsletter Lettre de l'Expansion said on Monday.

UPDATE 1-Eramet seeks cost cuts, shareholder deal to save nickel unit

* SLN losing 20 mln euros a month in global nickel slump (Updates with details from presentation)

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