Eramet
Eramet
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Australian-based diversified engineer Thiess has won its first nickel operation in Indonesia with the award of a four-year ore hauling contract at the Weda Bay openpit Ni-Co mining operation on Halmahera Island in North Maluku province.
The contract, valued at about $A125M, commences in May and covers ore loading, hauling and stockpile maintenance.
Australian innovator Latrobe Magnesium has lined up a major feed source for its proposed 100,000tpa magnesium plant in Victoria through a binding MoU with New Caledonian producer Société Le Nickel to supply 450,000tpa ferro-nickel slag for 20 years.
The PFS by global engineer and project manager Bechtel is due this month on the planned Latrobe Valley plant, which will require feedstock of about 600,000tpa. Latrobe is also holding discussions with potential JV partners.
Australian nickel refinery developer QPM has lifted its secured ore supply under binding contracts to 1.6Mtpa with the signing of a 600,000wmtpa agreement with significant New Caledonian miner Société des Mines de la Tontouta.
The 10-year agreement targets typical limonite ore specification of 1.6% Ni and 0.18% Co, and the companies will explore further long-term mutual investment and commercial opportunities.
Australian developer QPM has lined up to provide a processing solution for New Caledonia’s surfeit of limonite ore after signing a binding ore supply agreement with Pacific miner Societe Le Nickel.
The agreement covers the supply of up to 1Mtpa nickel ore over five years to be processed at QPM’s Townsville Energy Chemicals Hub, with the option for a further 5-year extension. The deal targets a typical limonite ore specification of 1.6% nickel and 0.18% cobalt.
Australian nickel refinery developer QPM has lined up a supply source of limonite and transition zone ore for its Townsville Energy Chemicals Hub battery materials facility in N Qld, signing a non-binding MoU with New Caledonian miner Societe Le Nickel.
Weak prices have taken French metals multinational Eramet to a June 2019 half (H1 19) net loss of €37M, including tax charges and expenses.
Sales dipped to €1.809B from €1.813B a year earlier, with EBITDA plunging 29% to €307M.
Like its World Cup football team, French metals multinational Eramet has timed its run perfectly in the takeover of its 50% partner in the TiZir mineral sands JV.
Eramet's $A350M cash offer for Australian company Mineral Deposits closes this week with over 98% of the shares in its pocket and TiZir's performance on the rise.
France’s ERAMET has increased its hostile, all-cash offer for J/V partner Australia’s Mineral Deposits by 20% to $A1.75-a-share, valuing the company at $344.7M ($US261M) to pay $322M for the shares it doesn’t already own in the company.
France’s ERAMET’s 20% lift in its hostile take-over for Australian J/V partner Mineral deposits will cost it $322M
Australian-based MDL predicts higher commodity prices and increased production will boost EBITDA for FY2018 by 87% to $US116M at its TiZir mineral sands project.
The forecasts are being used by MDL to support its pleas to shareholders to resist the $A291M hostile takeover bid by its 50% JV partner, French multinational Eramet.