Eramet (original) (raw)

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French multinational mining and metallurgy company

Eramet S.A.
Company type Société Anonyme
Traded as Euronext Paris: ERA CAC Mid 60 Component
ISIN FR0000131757 Edit this on Wikidata
Industry Basic resources
Predecessor Société de Traitement des Minerais de Nickel, Cobalt et AutresHigginson et Hanckar
Founded 18 May 1880
Headquarters Paris, France
Key people Christel Bories (Chairman and CEO)
Products Mining and extraction of manganese, steel alloys and nickel
Revenue €3,652 million (2017)[1]
Operating income €608 million (2017)[1]
Net income €203 million (2017)[1]
Total assets €3.269 million (end 2017)[1]
Number of employees 12,590 (end 2017)[2]
Website www.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]

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]

Eramet is organised into three activities:

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

Corporate governance

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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]

  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.
  13. ^ a b "Our Management". Archived from the original on 18 July 2018. Retrieved 10 February 2018.