Wir verwenden Cookies, um Ihnen eine optimale Funktion der Webseite zu ermöglichen. Wenn Sie weitersurfen, stimmen Sie der Cookie-Nutzung zu. Mehr erfahren
In Ihrem Webbrowser ist JavaScript deaktiviert. Um alle Funktionen dieser Website nutzen zu können, muss JavaScript aktiviert sein.
Suche
 

Eramet: the government of New Caledonia gives the green light to SLN's nickel ore exports

16.04.2019  |  Globenewswire Europe

Paris, 16 April, 2019 (8:30 am - Paris time)

PRESS RELEASE

Eramet: the government of New Caledonia gives the green light to SLN's nickel ore exports

The government of New Caledonia today issued authorisations for Société Le Nickel exports for 4 million tonnes of nickel ore per year over a ten-year period. The increase in exports will be immediate with a target of 1.5 million tonnes as of 2019, and 4 million tonnes from mid-2020. These requests were sent in February by Eramet as part of the rescue plan announced at end- February 2019.

Eramet and its subsidiary, SLN, welcome this decision, which marks a crucial first step in implementing the plan to make SLN competitive in the long-term. This will bring benefits for employment, the environment and the region in a context of increased competition with the rise of new low-cost nickel producers.

SLN will be able to export its lower-grade nickel ore (1.8%), thereby more effectively leveraging its deposits. The 4 million tonnes of nickel ore exported should enable SLN to reduce its cash-cost by $0.60/lb by 2021[1]. SLN supports this activity with a societal responsible approach in favour of the environment and the local populations, as part of the CSR roadmap set out with Eramet.

This positive decision is part of a three-pronged rescue plan that is expected to reduce SLN's cash-cost by $1.30/lb by 2021.

These export authorisations are a key step in the first lever, aimed at implementing a new rebalanced model for the two businesses, mining and metallurgy. This rebalancing makes it possible to move from mining exclusively for the plant to a better valorisation of the deposits thanks to exports of lower-grade ore unsuited to the local metallurgy transformation. The supply of high-grade ore to the Doniambo plant will continue.

After this decisive step forward, the Group is mobilised to implement the other two levers of the plan. On the one hand, improved operating performance particularly through reorganising the plant and working time at the mine, and, on the other, reducing energy price. As regards working time at the mine, three in four mining centres have already introduced the 147 hours a week scheme since January, with the fourth centre still on strike.

Christel Bories, Chairman and CEO of Eramet, commented:
« I would like to thank the government of New Caledonia and all the stakeholders who contributed to this decision. This is a sign of confidence in the successful implementation of the SLN rescue plan. We are strongly committed to working alongside SLN's teams to give the company a fresh impetus and to position it sustainably in creating value for its employees and for the region. »


Calendar

25.04.2019: Publication of Q1 2019 turnover

23.05.2019: Combined General Shareholders' meeting

24.07.2019: Publication of 2019 half-year results

ABOUT ERAMET

Eramet, a global mining and metallurgical group, is a key player in the extraction and valorisation of metals (manganese, nickel, mineral sands) and the elaboration and transformation of alloys with a high added value (high-speed steels, high-performance steels, superalloys, aluminium and titanium alloys).

The Group supports the energy transition by developing activities with high growth potential. These include lithium extraction and refining, and recycling.

Eramet positions itself as the privileged partner of its customers in sectors that include carbon and stainless steel, aerospace, pigments, energy, and new battery generations.

Building on its operating excellence, the quality of its investments and the expertise of its employees, the Group leverages an industrial, managerial and societal model that is virtuous and value-accretive. As a contributive corporate citizen, Eramet strives for a sustainable and responsible industry.

Eramet employs around 13,000 people in 20 countries with sales of approximately ?4 billion in 2018.

For further information, go to www.Eramet.com

CONTACT - INVESTORS

Executive VP Strategy and Innovation - Investor Relations

Philippe Gundermann
Tel: +33 1 45 38 42 78

Investor Relations manager

Sandrine Nourry-Dabi
Tel: +33 1 45 38 37 02

 

For more information:

Follow us with the Eramet Finance app:
IOS:
https://itunes.apple.com/fr/app/Eramet-finance/id1115212055?mt=8

Android:
https://play.google.com/store/apps/details?id=com.Eramet.finance

 
CONTACT - PRESS

VP Communication

Pauline Briand

Tel: +33 1 45 38 31 76

Pauline.briand@Eramet.com

 

Image 7

Marie Artzner
Tel: +33 1 53 70 74 31 | M. +33 6 75 74 31 73

martzner@image7.fr

 



[1] Under current market conditions.


PR SLN exports_EN



This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Groupe Eramet via Globenewswire

Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!




Mineninfo
Minenprofile
Alle Angaben ohne Gewähr! Copyright © by GoldSeiten.de 1999-2019.
Die Reproduktion, Modifikation oder Verwendung der Inhalte ganz oder teilweise ohne schriftliche Genehmigung ist untersagt!

"Wir weisen Sie ausdrücklich auf unser virtuelles Hausrecht hin!"