Eramet

Eramet

Eramet

French multinational mining and metallurgy company

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

Quick Facts Company type, Traded as ...

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.[3]

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

Through its subsidiary Société Le Nickel (SLN),[4] 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. The Aubert & Duval organization of Issoire France is owned by Eramet and forms part of its alloy division.[5]

Eramet's chairman and CEO is Christel Bories[6] and its headquarters is in Paris.

Activities

Eramet is organised into three activities:

  • ERAMET Manganese (48% of the group's turnover):[7] 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.[8]
  • ERAMET Alloys (32% of the group's turnover):[7] Eramet elaborates special steels and superalloys as well as wrought pieces for the aeronautic and energy sectors.[9]
  • ERAMET Nickel (20% of the group's turnover):[7] Eramet's subsidiary, Le Nickel-SLN extracts nickel in five mines in New Caledonia, mainly to produce stainless steel.[10] In 2023, a worldwise fall in nickel prices exacerbated shortfalls in SLN's balance sheets, with ERAMET and the French government refusing to subsidise SLN.[11]

Global presence

Eramet’s 47 sites are divided across the five continents as follows:[7]

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

Corporate governance

Christel Bories, Eramet’s CEO, is at the head of the Board of Directors, which comprises nineteen members appointed for four years.[12]

The Executive Committee has eight members.[12]

References

  1. [1]
    "Full-year results 2017" (PDF). Eramet. Archived from the original (PDF) on 22 February 2018. Retrieved 21 February 2018.
  2. [2]
    "ERAMET Results for 2017 : lights are green". Eramet. Archived from the original on 22 February 2018. Retrieved 21 February 2018.
  3. [3]
    The Cambridge History of the Pacific Islanders, Cambridge University Press, 2004, Donald Denoon, Malama Meleisea, Stewart Firth, Jocelyn Linnekin, Karen Nero, page 173
  4. [4]
    Société Le Nickel
  5. [5]
    "About: AUBERT & DUVAL, ENHANCING YOUR PERFORMANCE". Aubert & Duval. Retrieved 3 April 2021.
  6. [6]
    "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.
  7. [7]
    "Our key figures". eramet.com. Archived from the original on 18 July 2018. Retrieved 10 February 2018.
  8. [8]
    "Our activity". Archived from the original on 18 July 2018. Retrieved 10 February 2018.
  9. [9]
    "Alloys-Our activity". Archived from the original on 18 July 2018. Retrieved 10 February 2018.
  10. [10]
    "Nickel-Our activity". Archived from the original on 18 July 2018. Retrieved 10 February 2018.
  11. [11]
    "France seeks deal to salvage New Caledonia's nickel sector". 29 November 2023.
  12. [12]
    "Our Management". Archived from the original on 18 July 2018. Retrieved 10 February 2018.
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