ERAMET S.A. (ERA.PA)
| Previous close | 75.60 |
| Open | 75.85 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 74.90 - 77.05 |
| 52-week range | 57.85 - 99.85 |
| Volume | |
| Avg. volume | 53,601 |
| Market cap | 2.195B |
| Beta (5Y monthly) | 1.55 |
| PE ratio (TTM) | 21.65 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 1.50 (1.98%) |
| Ex-dividend date | 04 June 2024 |
| 1y target est | N/A |
- Reuters
UPDATE 1-Eramet reaches agreement to continue SLN's New Caledonia operations
French mining group Eramet said on Wednesday it had reached an agreement with the French government to continue its subsidiary SLN's mining operations in New Caledonia's Northern Province. Under the agreement, Eramet could extend financial guarantees granted to SLN, the mining group said, in a move that would effectively avert the risk of a stoppage on its troubled New Caledonian nickel subsidiary's operations.
- Reuters
Eramet faces mine stoppage in latest New Caledonia snag
French mining group Eramet faces a stoppage from Thursday at some of the mines operated by its troubled New Caledonian nickel subsidiary SLN in a dispute with local authorities over financial guarantees. SLN is preparing to suspend activity at its mines in New Caledonia's northern province after the provincial government rejected a short extension of the guarantees, which are required to cover potential environmental restoration, Eramet said in an emailed statement. Eramet said it was working with the French government on an agreement to extend the relevant guarantees, which expire on Wednesday, for a 12-month period.
- Reuters
UPDATE 2-Eramet reaches deal to convert debt of New Caledonia nickel unit
Eramet said on Monday it had reached an agreement with the French government to remove from its balance sheet hundreds of million of euros of debt related to its loss-making nickel subsidiary SLN in New Caledonia. Existing loans to SLN worth 320 million euros from the government ($347.42 million) plus intra-group debt of a further 325 million euros will be converted into a 'quasi-equity' instrument, the group said. The government loans to SLN are currently consolidated in Eramet's debt.
