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Eramet H1 Sales Totalled EUR 1.7 Bln, Down 7%
Eramet Launches Strategic Review Regarding Its Unit Aubert & Duval
Eramet to review overhaul plan for high-performance alloys unit - CEO
Eramet SA is a France-based integrated mining and metallurgical company. The Company’s activities are spread across three business divisions: Nickel, which specializes in production of nickel ore in New Caledonia (mining), processing of ore to produce ferronickel, high-purity nickel, production of chemical derivatives of nickel and the manufacture of tungsten carbide and cobalt powders; Manganese, which is engaged in the production of manganese ore and sinter, processing of ore to produce manganese alloys, production of high-purity chrome and hardeners for aluminum production, collection and recycling of catalysts used by oil refineries, extraction and upgrading of metal content; and Alloys, which specializes in the production of closed-die forged parts in titanium, aluminum, steels and nickel-based alloys on high-power presses, production of high-speed steels, special high-performance steels, nickel-based alloys and tool steels, among others.
Tour Maine Montparnasse
10 boulevard de Grenelle
Chairman of the Board, Chief Executive Officer, Member of the Executive Board
Anne Marie Lemaignan
Executive Vice President, Human Resources, Health and Security, Member of the Executive Board
Executive Vice-President Strategy, Innovation and Investors Relations, Member of the Executive Board
Virginie De Chassey
Senior Executive Vice President of Communication and Sustainable Development, Member of the Executive Committee
Jean De L'Hermite
Group General Counsel, Member of the Executive Board
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* GROUP HAS INITIATED A DETAILED STRATEGIC REVIEW REGARDING ITS SUBSIDIARY, A&D, ALL OPTIONS BEING CONSIDERED
French mining and metals company Eramet said it was undertaking a review of its Aubert & Duval (A&D) unit which had been hit hard by the impact of the coronavirus crisis, and which French paper La Tribune earlier reported could be up for sale.
Eramet SA CEO Christel Bories tells shareholders:
* ONE OF ITS STAFF HAS DIED DUE TO THE CORONAVIRUS Further company coverage: (Reporting by Benjamin Mallet)
Eramet <ERMT.PA> has agreed to sell its TiZir plant in Norway to Tronox Holdings <TROX.K> for around $300 million, the French mining and metals company said on Thursday.
Production began on Thursday at Indonesia Weda Bay Industrial Park (IWIP), a nickel project by France's Eramet and China's Tsingshan Holding Group.
* Q1 2020 SALES OF €774M, DOWN 11%, AFFECTED BY THE DECLINE IN MATERIAL PRICES
* ERAMET FULLY MOBILIZED IN THE FIGHT AGAINST THE COVID-19 PANDEMIC THANKS TO A SPECIAL SOLIDARITY PLAN
Leading managers at French metals and mining group Eramet have agreed to pay cuts, in order to help finance a solidarity plan for staff and communities hit by the coronavirus crisis, the company said on Thursday.
French mining and metals group Eramet has decided to stop work on a lithium production project in Argentina, aimed at shifting the group's focus towards electric vehicle minerals, due to economic uncertainty created by a coronavirus epidemic.
* DECIDES NOT TO ENGAGE THE CONSTRUCTION OF ITS LITHIUM PRODUCTION PLANT IN ARGENTINA
Eramet has abandoned plans for an Argentine lithium mine project due to uncertainty caused by the COVID-19 health crisis, the French mining and metallurgy company said on Wednesday.
* ON CORONAVIRUS: ERAMET IS CURRENTLY NOT IN A POSITION TO ACCURATELY MEASURE ITS IMPACT ON PRODUCTION AND PERFORMANCE TARGETS FOR 2020
Eramet has postponed an Argentine lithium mine project aimed at shifting the group's focus toward electric vehicle minerals, it said, citing economic and regulatory uncertainty in the debt-stricken South American country.
French mining company Eramet plans to make a final investment decision (FID) in the first quarter of 2020 on its lithium development project in Argentina, with an aim to start production by the end of 2021, CEO Christel Bories said on Friday.
French miner and metals producer Eramet <ERMT.PA> said on Wednesday its Weda Bay Nickel plant in Indonesia would start operation ahead of schedule in the first half of 2020, and it reiterated production targets for this year.
Weak prices hit the first half results of metals and mining company Eramet <ERMT.PA>, although Eramet said it expected its second-half results to show an improvement.
Eramet has approved the development of a lithium mine in Argentina as the French group pursues a shift towards minerals used to power electric vehicles to meet burgeoning demand.
* SLN authorised to export 4 mln tonnes of ore annually for 10 yrs
A sharp rise in manganese ore and nickel prices helped Eramet post higher profits in the first half of the year but the French metal and mining group warned on Tuesday that current favourable markets could be hurt by global trade tensions.
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