Company type | Société Anonyme |
---|---|
Euronext Paris: ERA CAC Mid 60 Component | |
ISIN | FR0000131757 |
Industry | Basic resources |
Predecessor | Société de Traitement des Minerais de Nickel, Cobalt et Autres Higginson 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] |
€608 million (2017) [1] | |
€203 million (2017) [1] | |
Total assets | €3.269 million (end 2017) [1] |
Number of employees | 12,590 (end 2017) [2] |
Website | www |
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]
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]
New Caledonia is a major source for nickel and contains roughly 10% of the world's known nickel supply. The islands contain about 7,100,000 tonnes of nickel. With the annual production of about 107,000 tonnes in 2009, New Caledonia was the world's fifth largest producer after Russia (266,000), Indonesia (189,000), Canada (181,000) and Australia (167,000). In recent years, the economy has suffered because of depressed international demand for nickel due to the 2007-2008 global financial crisis. Only a negligible amount of the land is suitable for cultivation, and food accounts for about 20% of imports. In addition to nickel, the substantial financial support from France and tourism are keys to the health of the economy. In the 2000s, large additions were made to nickel mining capacity. The Goro Nickel Plant is expected to be one of the largest nickel producing plants on Earth. This plant produces an estimated 20% of the global nickel supply. However, the need to respond to environmental concerns over the country's globally recognized ecological heritage, may increasingly need to be factored into capitalization of mining operations.
Vale Canada Limited is a wholly owned subsidiary of the Brazilian mining company Vale. Vale's nickel mining and metals division is headquartered in Toronto, Ontario, Canada. It produces nickel, copper, cobalt, platinum, rhodium, ruthenium, iridium, gold, and silver. Prior to being purchased by CVRD in 2006, Inco was the world's second largest producer of nickel, and the third largest mining company outside South Africa and Russia of platinum group metals. It was also a charter member of the 30-stock Dow Jones Industrial Average formed on October 1, 1928.
ATI Inc. is an American producer of specialty materials headquartered in Dallas, Texas. ATI produces metals including titanium and titanium alloys, nickel-based alloys and superalloys, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, forgings and castings.
Inconel is a nickel-chromium-based superalloy often utilized in extreme environments where components are subjected to high temperature, pressure or mechanical loads. Inconel alloys are oxidation- and corrosion-resistant. When heated, Inconel forms a thick, stable, passivating oxide layer protecting the surface from further attack. Inconel retains strength over a wide temperature range, attractive for high-temperature applications where aluminum and steel would succumb to creep as a result of thermally-induced crystal vacancies. Inconel's high-temperature strength is developed by solid solution strengthening or precipitation hardening, depending on the alloy.
Vale, formerly Companhia Vale do Rio Doce, is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Vale is the largest producer of iron ore and nickel in the world. It also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt; as of 2014 the company operated nine hydroelectricity plants, and a large network of railroads, ships, and ports used to transport its products.
A superalloy, or high-performance alloy, is an alloy with the ability to operate at a high fraction of its melting point. Key characteristics of a superalloy include mechanical strength, thermal creep deformation resistance, surface stability, and corrosion and oxidation resistance.
Orano Cycle, formerly COGEMA and Areva NC, is a French nuclear fuel company. It is the main subsidiary of Orano S.A. It is an industrial group active in all stages of the uranium fuel cycle, including uranium mining, conversion, enrichment, spent fuel reprocessing, and recycling.
Austenitic stainless steel is one of the five classes of stainless steel as defined by crystalline structure. Its primary crystalline structure is austenite. Such steels are not hardenable by heat treatment and are essentially non-magnetic. This structure is achieved by adding enough austenite-stabilizing elements such as nickel, manganese and nitrogen. The Incoloy family of alloys belong to the category of super austenitic stainless steels.
In metallurgy, solid solution strengthening is a type of alloying that can be used to improve the strength of a pure metal. The technique works by adding atoms of one element to the crystalline lattice of another element, forming a solid solution. The local nonuniformity in the lattice due to the alloying element makes plastic deformation more difficult by impeding dislocation motion through stress fields. In contrast, alloying beyond the solubility limit can form a second phase, leading to strengthening via other mechanisms.
Tinfos is a private Norwegian holding company. Its roots dates back to 1875, and has today the head office in Oslo, Norway. The firm is one of the oldest companies in its field of activity in Europe. Its main products are silicomanganese, High Purity Pig Iron and titanium dioxide. The company is structured in 4 different divisions. Tinfos AS was sold 15 April 2008 to the French-based manganese company Eramet. In 2009, Eramet sold the international unit of Tinfos to Holta Invest AS, a Norwegian investment company.
Manganese is a chemical element with the symbol Mn and atomic number of 25. It is found as the free element in nature, and in many minerals. The free element is a metal with important industrial metal alloy uses. Manganese ions are variously colored, and are used industrially as pigments and as oxidation chemicals. Manganese (II) ions function as cofactors for a number of enzymes; the element is thus a required trace mineral for all known living organisms.
Cobalt is a chemical element; it has symbol Co and atomic number 27. As with nickel, cobalt is found in the Earth's crust only in a chemically combined form, save for small deposits found in alloys of natural meteoric iron. The free element, produced by reductive smelting, is a hard, lustrous, somewhat brittle, gray metal.
Nickel mining in New Caledonia is a major sector of the New Caledonian economy. The island contains about 7.1 million tonnes of nickel reserves, about 10% of the world's total. With an annual production of 200,000 tonnes in 2020, New Caledonia was the world's fourth largest producer after Indonesia (760,000), Philippines (320,000), and Russia (280,000), followed by Australia (170,000) and Canada (150,000).
Tiebaghi is a mine and former village near Koumac, New Caledonia.
The Koniambo mine is a large open pit mine of the laterite variety in the north of New Caledonia in the North Province. It is closest to the small town of Voh, on the west coast of the island. Nickel is found in saprolite ore on the Koniambo Massif, and taken by conveyor to a new smelter on the coast. Koniambo has one of the largest nickel reserves in New Caledonia, with around 151 million tonnes of ore grading at 2.58% nickel, which was in 2014 reputed to be the highest-grade undeveloped property in the world. Each 62.5 million tonnes of ore contains 4 million tonnes of nickel metal. The final output of the mine is ferronickel, approximately 176,000t per annum of which is produced in shot form. The shot is packaged into two-tonne bags for onward shipment. The projected mine life from first exploitation is 25 years. A deep water private port was built for import and export purposes.
The Compagnie minière de l'Ogooué, or COMILOG, is a manganese mining and processing company based in Moanda, Gabon. It is a subsidiary of the French metallurgical group Eramet. The company is the world's second largest producer of manganese ore. At first the ore was carried by a cableway to the border with the Republic of the Congo, then by rail to the sea at Pointe-Noire. In the 1980s a railway was built to carry the ore through Gabon to the sea near Libreville.
Catherine Mary Fiona Rae is a Professor of Superalloys in the Department of Materials at the University of Cambridge. Rae is the Director of the Rolls-Royce UTC in Cambridge. She is known for her expertise in electron microscopy and the behaviour of materials in aerospace applications.
The 2020 protests in New Caledonia began on 28 October 2020 over a plan to sell a Vale-owned nickel and cobalt mine to a consortium led by Trafigura. The nickel mine and plant is known as the Goro mine. Independence leaders and pro-independence protesters wanted for the nickel plant to be owned by citizens of New Caledonia rather than foreign investors, though various arrangements have been proposed.
The Weda Bay Industrial Park is a nickel mining and industrial park complex in Central Halmahera Regency, North Maluku, Indonesia. The Weda Bay Mine is now among the largest nickel mines in the world.
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