Eramet

Eramet S.A.
Company typeSociété Anonyme
Euronext Paris: ERA
CAC Mid 60 Component
ISINFR0000131757 Edit this on Wikidata
IndustryBasic resources
PredecessorSociété de Traitement des Minerais de Nickel, Cobalt et Autres
Higginson et Hanckar
Founded18 May 1880
HeadquartersParis, France
Key people
Christel Bories (Chairman and CEO)
ProductsMining and extraction of manganese, steel alloys and nickel
Revenue€3,652 million (2017)[1]
€608 million (2017)[1]
€203 million (2017)[1]
Total assets€3.269 million (end 2017)[1]
Number of employees
12,590 (end 2017)[2]
Websitewww.eramet.com/en

Eramet is a French multinational mining and metallurgy company, listed on the Euronext Paris exchange under the symbol ERA.

The company produces non-ferrous metals and derivatives, nickel alloys and superalloys, and high-performance special steels.

Through its subsidiary Société Le Nickel (SLN),[3] the company has its historical roots in nickel mining, and for over 100 years has maintained a large mining operation in the French overseas territory of New Caledonia. It is also a major producer of manganese from mines in Gabon.[citation needed]

Eramet's chairman and CEO as of 2017 was Christel Bories and its headquarters is in Paris.[4]

History

The company was founded with the funding of the Rothschild family (although they were careful to avoid being listed as founders of the company) in 1880. With discretion, the family took full control of the company in 1890.[5]

Between 1907 and 2007 the Aubert & Duval organization of Issoire France was owned by Eramet and formed part of its alloy division. The subsidiary was purchased by a consortium of Airbus, Safran and Tikehau Capital.[6]

In 2023, a worldwide fall in nickel prices exacerbated shortfalls in SLN's balance sheets, with ERAMET and the French government refusing to subsidise SLN.[7]

Activities

Eramet is organised into three activities:

  • ERAMET Manganese (48% of the group's turnover):[8] Eramet's subsidiary Comilog extracts manganese in the Moanda mine in Gabon and then transforms it in its metallurgical and chemical factories located in China, in Europe and in the United States.[9]
  • ERAMET Alloys (32% of the group's turnover):[8] Eramet elaborates special steels and superalloys as well as wrought pieces for the aeronautical and energy sectors.[10]
  • ERAMET Nickel (20% of the group's turnover):[8] Eramet's subsidiary, Le Nickel-SLN extracts nickel in five mines in New Caledonia, mainly to produce stainless steel.[11]

Global presence

Eramet’s 47 sites are divided across the five continents as follows:[8]

  • 22 in Europe, among which 13 in France
  • 13 in Asia and Pacific
  • 7 in North America
  • 2 in Latin America
  • 4 in Africa

Joint Ventures

Corporate governance

Christel Bories, Eramet’s CEO, is at the head of the Board of Directors, which comprises nineteen members appointed for four years.[13]

The Executive Committee has eight members.[13]

References

  1. ^ a b c d "Full-year results 2017" (PDF). Eramet. Archived from the original (PDF) on 22 February 2018. Retrieved 21 February 2018.
  2. ^ "ERAMET Results for 2017 : lights are green". Eramet. Archived from the original on 22 February 2018. Retrieved 21 February 2018.
  3. ^ Société Le Nickel
  4. ^ "A new governance cycle starts for ERAMET with Christel Bories' appointment". www.eramet.com. 24 February 2017. Archived from the original on 30 December 2017. Retrieved 29 December 2017.
  5. ^ Denoon, Donald (1997). "Land, Labour and Independent Development". In Denoon, Donald (ed.). The Cambridge History of the Pacific Islanders. Cambridge University Press. p. 173. ISBN 0-521-44195-1.
  6. ^ "About: AUBERT & DUVAL, ENHANCING YOUR PERFORMANCE". Aubert & Duval. Retrieved 3 April 2021.
  7. ^ "France seeks deal to salvage New Caledonia's nickel sector". 29 November 2023.
  8. ^ a b c d "Our key figures". eramet.com. Archived from the original on 18 July 2018. Retrieved 10 February 2018.
  9. ^ "Our activity". Archived from the original on 18 July 2018. Retrieved 10 February 2018.
  10. ^ "Alloys-Our activity". Archived from the original on 18 July 2018. Retrieved 10 February 2018.
  11. ^ "Nickel-Our activity". Archived from the original on 18 July 2018. Retrieved 10 February 2018.
  12. ^ https://www.aubertduval.com/wp-media/uploads/sites/2/pdf/2012_01_17_SQuAD_Press_Release_.pdf. {{cite news}}: Missing or empty |title= (help)
  13. ^ a b "Our Management". Archived from the original on 18 July 2018. Retrieved 10 February 2018.