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Eramet SA (ERMT.PA)

ERMT.PA on Paris Stock Exchange

60.57EUR
5 Dec 2016
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Thu, Jul 28 2016

Eramet sees progress in nickel rescue plan, shares slide

PARIS, July 28 French mining group Eramet says in results presentation on Thursday that a mix of cost savings, divestment and extra financing including a convertible bond issue will help its nickel unit in New Caledonia stem heavy losses.

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.

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