| Groupe Eramet : Commencement of mineral sands mining at Grande Côte, as construction phase is completed | |
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The definitive handover took place between the Project team and the Production teams. Mining operations will begin ramping up with the production of heavy mineral concentrates. Next, once the base stock has been built up, processing of these concentrates will start at the separation plant. The resulting products will be carried by rail to Dakar port, from where they will be shipped to customers in different countries. The ramp up of zircon and ilmenite production from Grande Cote within TiZiR will complement the Tyssedal plant in Norway, specializing in upgrading of ilmenite for feedstock to pigments producers. Through TiZiR, ERAMET is becoming a major participant in the mineral sands industry. - ooOoo -
ABOUT ERAMET ERAMET is a leading global producer of: - alloying metals, particularly manganese and nickel, used to improve the properties of steel,
- high-performance special steels and alloys used in industries such as aerospace, power generation and tooling.
ERAMET is also studying or developing major projects in new activities with high growth potential, such as mineral sands (titanium dioxide and zircon), niobium and rare earths, as well as in recycling. The Group employs approximately 14,000 people in 20 countries. ERAMET is part of Euronext Paris Compartment A. CONTACT Head of Financial Communications and Economic Studies Philippe Joly Tel: +33 (0)1 4538 4202 Investor Relations and Economic Analyst David Fortin Tel: +33 (0)1 4538 4286 For more information: www.eramet.com Eramet press release in PDF
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions 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 HUG#1772321
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Eramet
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DEVELOPMENT STAGE |
CODE : ERA.PA |
ISIN : FR0000131757 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Eramet is a nickel producing company based in France. Its main assets in development are PRONY WEST and CREEK PERNOD in New Caledonia and its main exploration property is WEDA BAY in Indonesia. Eramet is listed in France and in Germany. Its market capitalisation is €UR 1.8 billions as of today (US$ 2.0 billions, € 1.8 billions). Its stock quote reached its highest recent level on June 28, 2024 at €UR 99.95, and its lowest recent point on October 11, 2024 at €UR 68.35. Eramet has 26 543 218 shares outstanding. |