Eramet: the Group's economic contribution to the principal
countries in which it operates increased, benefiting local
communities
PRESS RELEASE
Paris, June 30, 2022, 8:30 a.m.
Eramet: the Group's economic
contribution to the principal countries in which it operates
increased, benefiting local communities
- In 2021,
Eramet contributed
€1.8
billion to the economies of the principal
countries where it
operates1.
- Local
purchases and payroll amounted to
€1.1
billion and
€456
million,
respectively.
- More
than 65,000 people have benefited
from the Group's social programs in the countries where it
operates, with a total of €11 million in expenditure.
Eramet publishes today its annual report, which
details its payments to governments in countries where the Group is
engaged in industrial mining operations (“Reporting on financial
transparency of the Group as at 31 December 2021” available on its
website). The scope of this report does not take into account the
subsidiary Weda Bay Nickel2.
This report, which has been drawn up in
accordance with EITI (Extractive Industries Transparency
Initiative) methods, mainly shows the taxes and royalties paid to
the States and regions, as well as the dividends paid to public
shareholders of the parent company and its subsidiaries.
In keeping with its policy of transparency, the
Group has gone still further by presenting in this press release an
overall picture of the contribution it makes in the main areas
outside mainland France where it operates: Gabon, Senegal,
Indonesia, Cameroon, New Caledonia, Argentina, the United States
and Norway3.
This document illustrates Eramet's commitment to
local communities and its determination to be a catalyst for
economic development in the countries where the Group operates.
In 2021, Eramet continued its policy of
fostering local development. The Group's payroll amounted to €456
million and local purchases totalled €1,093 million.
Supporting the local communities living near the
Group's facilities is a key part of the strategy being implemented
by Eramet's teams. More than 65,000 people benefited from the
Group's social programs in support of young people, health and
local development, with a total expenditure of over €11 million.
This amount does not include expenses related to the management
measures environmental and social impact of our operations.
All the details regarding the Group's
contributions, broken down by country, are set out in the
infographics available here.
In Gabon, Eramet contributed €566 million. Its
subsidiary Comilog, which specializes in the extraction, processing
and transformation of manganese ore, is the country's
second-largest private employer, providing more than 8,300 direct
jobs, and the world's leading producer of highgrade manganese ore
thanks to the Moanda mine. The Société d'exploitation du
Transgabonais (Setrag), that operates the railway line that links
Franceville, in the East, and Owendo on the country's West coast,
is the Group’s other subsidiary in Gabon. The two companies made
€303 million in purchases (excluding maritime transport) in the
country. With notably the CSR Fund managed by Comilog and the
Gabonese State, the Group provided support to more than 40,000
women and men in 2021, who benefited from its social projects in
the areas of health, access to water, economic diversification, and
education.
In Senegal, the Group's contributions in 2021
amounted to €112 million. Grande Côte Operations (GCO) produces
mineral sands, mostly ilmenite and zircon. In 2021, GCO
employed nearly 1,300 people, 96% of whom were Senegalese.
Purchases in the country amounted to €69 million. Due to the mobile
nature of the mine’s installation, the main impact of operations on
neighboring communities is the displacement of homes as well as
agricultural and pastoral areas. For the sixth year running, GCO
has taken steps to resettle the affected populations in improved
living conditions (access to water and electricity, access to a
school in the new village, agricultural lands equipped). It has
done so following a co-construction approach, with information and
consultation actions with the affected villagers.
At the same time, GCO is active in supporting
the economic and social development of Senegal, in particular
through the creation of a number of local Economic Interest Groups
(EIGs), as well as through a program of school renovations. Thus, a
large number of initiatives undertaken in the fields of education,
health and economic diversification have benefited more than 20,000
people.
In New Caledonia, the Group's contributions in
2021 amounted to €440 million. La Société Le Nickel (SLN) is the
world’s number one producer of ferronickel, a product intended for
the stainless-steel market. SLN is the region's largest private
employer, providing more than 3,140 direct jobs, and it made €284
million in purchases from New Caledonian suppliers. The
subsidiary’s social programs in 2021 provided support for more than
4,000 people. The actions were carried out on the whole territory,
in particular on the East coast and in the North, around the mining
site of Poum, which development was accelerated in 2021.
In Argentina, the Group has a world-class
lithium deposit, Centenario-Ratones. Eramet is establishing itself
as a key player for this metal, which is vital to the energy
transition. In 2021, the Group, which decided to launch the
construction of its Lithium Carbonate production site, contributed
€15 million to the national economy. The pilot site currently
benefits from 124 direct jobs representing 98% of Argentines.
Purchases in the country amounted to €11 million. 73 people
benefited directly from the subsidiary's investments in the local
community.
In Norway, the Group contributed €347 million
through its subsidiaries Eramet Norway—which supplies manganese
alloys, mainly for use in steel production—and Tizir Titanium &
Iron (TTI), which produces titanium slag for the pigment industry.
The Group’s various facilities across Norway provide direct
employment for 785 people, 97% of whom are Norwegians. In 2021,
these subsidiaries invested €186,000 in local communities through
funding and support for various cultural and educational
initiatives.
In the United States, Eramet Marietta, one of
the main American producers of manganese alloys, made a
contribution of €100 million to the American economy. The plant
provides 177 direct jobs, 98% of which are held by US citizens.
Purchases in the country amounted to €71 million.
Lastly, in Cameroon, the Group is continuing its
exploration effort on the Akonolinga rutile block. With this
project, the Group is seeking to expand its mineral sands
operations. These exploration activities in Cameroon have
contributed €370,000 to the nation's economy, including €70,000 in
payments to the government and €300,000 in investments in health
and water projects for local communities.
Finally, in Indonesia, WBN contributed up to
104,5 MUSD (€88,2 million) in taxes and royalties paid to the
government, and up to 2 MUSD (€1,7 million) in community
investment. These community investment expenses complement the
amount allocated to contributive actions by the Industrial Park
where WBN plant is located.
Overall, Eramet Group has contributed €1.8
billion to the economies of the countries where it operates.
Virginie de Chassey, Director
of Sustainable Development and Corporate Commitment: “Eramet's
social responsibility is a tangible way of translating our Raison
d'être into action. The Group's contribution in 2021 in its host
territories illustrates this concern. We have set ourselves a
mission: to support local economic development and growth so that
our project creates value and opportunities for all our local
stakeholders.”
Calendar
27.07.2022: Publication of 2022 half-year results
27.10.2022: Publication of 2022 Group third-quarter turnover
ABOUT ERAMET
Eramet transforms the Earth’s mineral resources
to provide sustainable and responsible solutions to the growth of
the industry and to the challenges of the energy transition.
Its employees are committed to this through
their civic and contributory approach in all the countries where
the mining and metallurgical group is present.
Manganese, nickel, mineral sands, lithium, and
cobalt: Eramet recovers and develops metals that are essential to
the construction of a more sustainable world.
As a privileged partner of its industrial
clients, the Group contributes to making robust and resistant
infrastructures and constructions, more efficient means of
mobility, safer health tools and more efficient telecommunications
devices.
Fully committed to the era of metals, Eramet’s
ambition is to become a reference for the responsible
transformation of the Earth’s mineral resources for living well
together.
www.eramet.com
INVESTORS
CONTACTDirector of Investor RelationsSandrine Nourry-DabiTel. +33 1
45 38 37 02 sandrine.nourrydabi@eramet.com |
PRESS
CONTACT Communications DepartmentPauline Briand—Communications
Directorpauline.briand@eramet.com Fanny Mounier—Head of Media
Relationsfanny.mounier@eramet.com Image 7Marie ArtznerTel. +33
1 53 70 74 31 | Mob. +33 6 75 74 31 73martzner@image7.fr |
1 This total includes the economic contributions made by the
French entities that are not part of the current divestiture
scope.2 Company accounted for by the equity method in the Group's
consolidated accounts.3 The subsidiaries of the High-Performance
Alloys division, which are in the process of being sold, are not
included.
- 2022-06-30-Eramet-PR-2021-Contributing-indicators
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