IOB - Delayed Quote EUR

ERAMET S.A. (0MGV.IL)

78.00

+1.80

(+2.36%)

As of 11:27 AM GMT+1. Market Open.

Mining stoppage adds to Eramet's New Caledonia woes

Eramet subsidiary SLN's nickel mining operations in northern New Caledonia have been suspended, adding to difficulties at the loss-making business that saw a slide in first-quarter output. SLN is part of a struggling New Caledonian nickel industry that the French government is trying to salvage with a proposed rescue package. Mining production at SLN was 1.0 million wet metric tons in the first quarter, down 32% from the same period last year, as issues over mining permits weighed on output.

Reuters 4 hours ago

ERMAY
Eramet: Adjusted turnover of €761m in Q1 2024

Paris, 25 April 2024, 7:00 a.m. PRESS RELEASE Eramet: Adjusted turnover of €761m in Q1 2024 Adjusted turnover1 of €761m (-19%) reflecting, as expected, a strong negative price effect (-24%), while the positive volume effect is limited (+2%), penalised by the decline in SLN volumes sold Good operational performance of the Group’s main mining activities compared to the unfavourable comparison base of Q1 2023: +27% in manganese ore volumes sold from Gabon +52% in nickel ore volumes produced in Indo

GlobeNewswire 5 hours ago

ERMAF

ERMAY
UPDATE 1-Rio Tinto, Eramet and LG Energy seek to develop lithium extraction tech for Chile

Rio Tinto, Eramet and LG Energy are among 30 companies that have submitted proposals to develop lithium extraction technology for a Chilean salt flat in the early stages of exploration, state-run mining body ENAMI said. Chile is seeking to develop the salt flat known as Salares Altoandinos for lithium mining.

Reuters 2 days ago

RIO

ERMAY
Rio Tinto, Eramet and LG Energy seek to develop lithium extraction tech for Chile

SANTIAGO (Reuters) -Rio Tinto, Eramet and LG Energy are among 30 companies that have submitted proposals to develop lithium extraction technology for a Chilean salt flat in the early stages of exploration, state-run mining body ENAMI said. Chile is seeking to develop the salt flat known as Salares Altoandinos for lithium mining.

Reuters 2 days ago

RIO

ERMAY
SPDR Gold Gains As Futures Push to New Highs

NEWSPLUS 1413 ET – SPDR Gold shares gain 1% as front-month gold futures rise to a record $2,365.80 per troy ounce. SPDR Gold generally stayed afloat throughout the day, while gold futures were down before pushing through to a new record.

The Wall Street Journal 9 days ago

ERMAF

ERMAY
Information relating to the repurchase for cancellation by Eramet of €7,500,000 of its outstanding private placement due 22 April 2026

Paris, 12 April 2024, 5.45 p.m PRESS RELEASE Eramet: Information relating to the repurchase for cancellation by Eramet of €7,500,000 of its outstanding private placement in a principal amount of €50,000,000 with an annual interest rate of 5.29 per cent. Bonds due 22 April 2026 (ISIN: FR0011860923) (the “Bonds”) Information relating to the repurchase on or off the market in one or more transactions of more than 10% of the Bonds pursuant to Article 238-2 of the Règlement Général de l’Autorité des

GlobeNewswire 12 days ago

ERMAF

ERMAY
UPDATE 1-Eramet reaches agreement to continue SLN's New Caledonia operations

French mining group Eramet said on Wednesday it had reached an agreement with the French government to continue its subsidiary SLN's mining operations in New Caledonia's Northern Province. Under the agreement, Eramet could extend financial guarantees granted to SLN, the mining group said, in a move that would effectively avert the risk of a stoppage on its troubled New Caledonian nickel subsidiary's operations.

Reuters 14 days ago

ERMAY
Extension of financial guarantees enabling SLN to continue to run its operations

Paris, 10 April 2024, 11:30 p.m. PRESS RELEASE Extension of financial guarantees enabling SLN to continue to run its operations With a view to the signing of the Pacte Nickel (Nickel Pact), Eramet and the French State have reached an agreement to extend the financial guarantees granted to SLN, enabling SLN to continue to run its mining operations. On April 10, 2024, following the Northern Province's refusal of the financial guarantees granted by Eramet until May 25, 2024, SLN hadanswered an inju

GlobeNewswire 14 days ago

ERMAF

ERMAY
Eramet faces mine stoppage in latest New Caledonia snag

French mining group Eramet faces a stoppage from Thursday at some of the mines operated by its troubled New Caledonian nickel subsidiary SLN in a dispute with local authorities over financial guarantees. SLN is preparing to suspend activity at its mines in New Caledonia's northern province after the provincial government rejected a short extension of the guarantees, which are required to cover potential environmental restoration, Eramet said in an emailed statement. Eramet said it was working with the French government on an agreement to extend the relevant guarantees, which expire on Wednesday, for a 12-month period.

Reuters 14 days ago

ERMAY
Availability of the 2023 Universal Registration Document including the integrated report

Paris, 10 April 2024, 6:00 p.m. PRESS RELEASE Availability of the 2023 Universal Registration Document including the integrated report Eramet announces the filing of its 2023 Universal Registration Document (“URD”) with the French Financial Markets Authority (Autorité des Marchés Financiers, “AMF”) today. The document was submitted in European Single Electronic Format (“ESEF”), as established by Delegated Regulation (EU) 2019/815.The URD is available on the AMF’s website as well as on the Compan

GlobeNewswire 14 days ago

ERMAF

ERMAY
Eramet: Purchase of own shares

Paris, 11 March 2024, 6:00 p.m. PRESS RELEASE Eramet: Purchase of own shares Eramet announces the purchase of 20,000 of its own shares related to the allocation of bonus shares under the provisions of Articles L. 225-197-1 et seq. and L. 22-10-59 and L. 22-10-60 of the French Commercial Code (to cover the free allocation of shares to employees and corporate officer). Aggregated presentation per day and per market Name of issuerIdentification code of issuer (Legal Entity Identifier)Day of transac

GlobeNewswire last month

ERMAF

ERMAY
UPDATE 2-Eramet reaches deal to convert debt of New Caledonia nickel unit

Eramet said on Monday it had reached an agreement with the French government to remove from its balance sheet hundreds of million of euros of debt related to its loss-making nickel subsidiary SLN in New Caledonia. Existing loans to SLN worth 320 million euros from the government ($347.42 million) plus intra-group debt of a further 325 million euros will be converted into a 'quasi-equity' instrument, the group said. The government loans to SLN are currently consolidated in Eramet's debt.

Reuters last month

ERMAY
CORRECTED-UPDATE 1-Eramet reaches deal to convert debt of New Caledonia nickel unit

Eramet said on Monday it had reached an agreement with the French government to remove from its balance sheet hundreds of million euros of debt related to its loss-making nickel subsidiary SLN in New Caledonia. Existing loans to SLN worth 320 million euros from the government ($347.42 million) and intra-group debt of a further 325 million euros will be converted into a 'quasi-equity' instrument, the group said. The conversion of the intra-group debt has no impact on the group's consolidated accounts, it said.

Reuters last month

ERMAY
Eramet: SLN’s debt conversion to strengthen Eramet Group's balance sheet

Paris, 4 March 2024, 6:00 p.m. PRESS RELEASE Conversion of SLN’s debt to strengthen Eramet's balance sheet Following discussions over the last weeks, the French State and Eramet have reached an agreement regarding the treatment of SLN's existing debt. This agreement will neutralize SLN's debt impact on the Group's consolidated accounts. It includes the following provisions: The French State and Eramet have jointly decided to convert their existing loans to SLN into a quasi-equity instrument;The

GlobeNewswire last month

ERMAF

ERMAY
Mining giants are worried that a flood of cheap Indonesian nickel could wipe them out

Indonesia holds the world's largest nickel reserves and it's been ramping up production in the last few years.

Fortune last month

ERMAY

GLNCY
UPDATE 2-Eramet in talks with France to offload debt from SLN nickel unit

Eramet is in "very advanced talks" with the French government to remove from its balance sheet several hundred million euros of debt related to its loss-making nickel subsidiary SLN in New Caledonia, the mining group said. The company's talks with the French authorities are part of wider negotiations to rescue the struggling nickel industry in New Caledonia. Eramet, which has refused to inject more funds into SLN, aims to reach a deal in the coming weeks with France to remove 320 million euros ($345.82 million) of SLN's debt from its own balance sheet, Chair and CEO Christel Bories told reporters on Wednesday, declining to give further details.

Reuters 2 months ago

ERMAY
Eramet in talks with France to offload debt from SLN nickel unit

Eramet is in "very advanced talks" with the French government to remove from its balance sheet several hundred million euros of debt related to its loss-making nickel subsidiary SLN in New Caledonia, the head of the mining group said on Wednesday. The company's talks with the French authorities are part of wider negotiations to rescue the struggling nickel industry in New Caledonia. Eramet, which has refused to inject more funds into SLN, aims to reach a deal in the coming weeks with France to remove some 320 million euros ($345.82 million) of SLN's debt from its own balance sheet, Chair and CEO Christel Bories told reporters, declining to give further details.

Reuters 2 months ago

ERMAY
Confirmation of solid fundamentals for the Group, in a very de-pressed price environment in 2023

Paris, 21 February 2024, 6:30 p.m. PRESS RELEASE Confirmation of solid fundamentals for the Group, in a very depressed price environment in 2023 Excellent intrinsic performance in second half (+€230m, for a total of +€153m over the year) leading to adjusted EBITDA1 at €772m in 2023, in a depressed price environment on a full-year basis (-€1,373m): New record for nickel ore volumes in Indonesia (+72% at 36.3 Mwmt) Rebound in manganese ore production in Gabon in H2 2023 (+22% vs. H2 2022) reaching

GlobeNewswire 2 months ago

ERMAF

ERMAY
Appointment of Charles Nouel as Chief Operating Officer of the Eramet Group

Paris, 29 January 2024, 6:00 PM PRESS RELEASE Appointment of Charles Nouel as Chief Operating Officer of the Eramet Group Charles Nouel, currently Director of the Mineral Sands Business Unit, has been appointed Chief Operating Officer of the Eramet Group. In this capacity, he will become a member of the Executive Committee. This appointment will take effect on April 1, 2024. He will succeed Kléber Silva, who has decided to leave the Group to pursue another professional opportunity. Charles Nouel

GlobeNewswire 2 months ago

ERMAF

ERMAY
Eramet's New Caledonia nickel plant runs reduced output after power incident

SLN, the New Caledonia nickel producer controlled by mining group Eramet, said on Monday it was running at reduced capacity after an electrical incident over the weekend caused a local power cut. The production process at the company's Doniambo plant in New Caledonia was disrupted by the breaking of several furnace cathodes, which in turn destabilised the power grid and caused a power cut of around two hours on Saturday, SLN said in a statement. The facility, which makes ferronickel for use in stainless steel, was taken off the grid and connected directly to a floating power unit that SLN had hired in 2022 to bolster its power supply, the company said.

Reuters 3 months ago

ERMAY

Performance Overview

Return	0MGV.IL	CAC 40
YTD	+7.33%	+6.45%
1-Year	-11.05%	+6.02%
3-Year	+45.45%	+28.32%

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

ERAMET S.A. (0MGV.IL)

Mining stoppage adds to Eramet's New Caledonia woes

Eramet: Adjusted turnover of €761m in Q1 2024

UPDATE 1-Rio Tinto, Eramet and LG Energy seek to develop lithium extraction tech for Chile

Rio Tinto, Eramet and LG Energy seek to develop lithium extraction tech for Chile

SPDR Gold Gains As Futures Push to New Highs

Information relating to the repurchase for cancellation by Eramet of €7,500,000 of its outstanding private placement due 22 April 2026

UPDATE 1-Eramet reaches agreement to continue SLN's New Caledonia operations

Extension of financial guarantees enabling SLN to continue to run its operations

Eramet faces mine stoppage in latest New Caledonia snag

Availability of the 2023 Universal Registration Document including the integrated report

Eramet: Purchase of own shares

UPDATE 2-Eramet reaches deal to convert debt of New Caledonia nickel unit

CORRECTED-UPDATE 1-Eramet reaches deal to convert debt of New Caledonia nickel unit

Eramet: SLN’s debt conversion to strengthen Eramet Group's balance sheet

Mining giants are worried that a flood of cheap Indonesian nickel could wipe them out

UPDATE 2-Eramet in talks with France to offload debt from SLN nickel unit

Eramet in talks with France to offload debt from SLN nickel unit

Confirmation of solid fundamentals for the Group, in a very de-pressed price environment in 2023

Appointment of Charles Nouel as Chief Operating Officer of the Eramet Group

Eramet's New Caledonia nickel plant runs reduced output after power incident

Performance Overview