Eramet

Eramet S.A.
Société Anonyme
Traded as Euronext: ERA
Industry Basic resources
Founded 1880
Headquarters Tour Montparnasse, Paris, France
Key people
 Patrick Buffet (Chairman and CEO)
Products Mining and extraction of manganese, steel alloys and nickel
Revenue €3.576 billion (2010)[1]
€720 million (2010)[1]
Profit €328 million (2010)[1]
Total assets €6.103 billion (end 2010)[1]
Total equity €3.974 billion (end 2010)[1]
Number of employees
 14,540 (end 2010)[1]
Website www.eramet.fr

Eramet is a French multinational mining and metallurgy company, listed on the Euronext Paris exchange under the symbol ERA.

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.[2]

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.

Eramet's chairman and CEO is Patrick Buffet and its headquarters is in Paris in the Tour Montparnasse.

Overseas expansions

In September 2011, Eramet Sa announced that the company plans to invest $6 billion in a nickel mining project including hydrometallurgical plant and various supporting infrastructure in Halmahera Island, North Maluku, Indonesia.[4]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Annual Report 2010" (PDF). Eramet. Retrieved 4 May 2011.
  2. ↑ The Cambridge History of the Pacific Islanders, Cambridge University Press, 2004, Donald Denoon, Malama Meleisea, Stewart Firth, Jocelyn Linnekin, Karen Nero, page 173
  3. ↑ Société Le Nickel
  4. ↑ "Eramet SA to Invest US6 Bln in Nickel Mining in Indonesia". September 7, 2011.

External links