Eramet continues its economic contribution to its main operating
territories and confirms the impact of its corporate commitments
PRESS RELEASE
Paris, June 25, 2024, 5.45 p.m.
Eramet continues its economic
contribution to its main operating territories and confirms the
impact of its corporate commitments
- Eramet's
contribution to the economies of the regions in which it operates
remained virtually stable at €3.1 billion in 2023, despite a 29%
fall in sales (down 26% at a constant scope and exchange rates)
over the year.
- This
contribution to local economic vitality includes a policy of
support and guidance for local communities, in line with the
Group's CSR roadmap, entitled
“Act for positive mining 2024 -
2026”. Over 270,000 people have
benefited from the Group's social initiatives, with a total
investment of more than €8 million.
The Group's economic contribution across all the
territories in which it operates reached €3
billion in 2023. Over the same period, Group sales totalled €3.8
billion. Local purchasing accounted for two-thirds of this
contribution, and salaries for around one-sixth. Taxes and
dividends paid in the various territories in which the Group
operates amounted to €687M in 2023, compared with €480M in
2022.
Community investment for local communities
totalled more than €8M in 2023, benefiting more than 270,000
people, particularly young people and women, who are the priority
target groups for the Group's social initiatives. This amount
includes all proactive community spending on sites where Eramet is
a shareholder, as well as significant support for development
initiatives. This amount does not include spending on managing the
negative environmental and social impact of the Group's
operations.
Today, Eramet is also publishing its annual
report, using EITI (Extractive Industries Transparency Initiative)
methods, on payments to governments in territories where the
Group's subsidiaries are active in the extractive industry1. This
“Report on the Group's financial transparency at December 31, 2023”
is available on the Group's website.
Breakdown of economic contribution by
area of operation
Eramet has a presence in Gabon,
where community investment in the country reached more than €4M in
2023. The subsidiaries Comilog and Setrag continue to support the
development of local infrastructure: public lighting, electricity,
secondary roads in Moanda, station access, etc. These initiatives
benefited 226,441 people.
In addition, to support local economic
development, 80 women benefited from the Lastourvillle community
market (Ogoouée-Lolo province). The seed fund for entrepreneurs in
Haut-Ogooué, provided as part of the CSR Fund co-managed with the
Gabonese government, created 208 jobs through low-interest loans.
Lastly, the Femmes d'Avenir (Women of the Future) programme, run in
partnership with Women In Africa and the Gabonese government,
supported throughout the year nearly 26 Gabonese women
entrepreneurs at the Hub dedicated to female entrepreneurship in
Libreville. In Gabon, the Group paid nearly €340M in taxes and
dividends to the State in 2023, and spent nearly €480M on local
purchasing and subcontracting. The total payroll reached €119M,
representing more than 8,000 direct jobs2, 80% of which were in the
local area.
In total, Eramet contributed almost €940M to
Gabon's economy over the year.
In Senegal, community
investment totalling €400,000 enabled 2,000 people to benefit from
well-drilling and Eramet supported more than 100 women
entrepreneurs via the Femmes d'Avenir programme launched this year
in Senegal, following its success in Gabon.
The Group's total economic contribution in the
country was €149M. Through its subsidiary GCO, the Group paid €25M
in taxes and dividends and spent over €90M on local purchasing and
subcontracting in 2023. The payroll reached €3M in 2023 and direct
employment represented 1,847 people, 50% of whom were employed in
the local area.
In Indonesia, the company
financed several ambulances as well as road, education and health
infrastructure, benefiting 25,000 people. These actions were
carried out with the help of community investments in excess of €1M
over the year.
PT Weda Bay Nickel paid €217M2 in taxes and
dividends to the State, and conducted €266M3 in purchasing and
subcontracting in 2023. Payroll costs amounted to €12M4. Weda Bay's
activities generate 14,000 direct jobs.
In total, Eramet's local economic impact in
Indonesia amounts to almost €500M5 over the year.
In Argentina, in 2023, Eramet
stepped up its support for the local entrepreneurial ecosystem with
a €300,000 investment in the “Triple Impact” project. This
programme is based on three pillars: education via schools and
universities, capacity-building for entrepreneurs (access to
finance and support) and the ability to choose a business sector
(agriculture, livestock farming, etc.). More than 1,100 people
benefited from this initiative.
In 2023, Eramet also paid €73M in taxes and
dividends. Local purchasing and subcontracting amounted to €256M,
and payroll stood at €10M, with 2,517 direct jobs6.
Eramet's contribution to Argentina's economy
totalled €340M over the year.
In New Caledonia, over the
period, €2M of community investment provided 1,500 beneficiaries
with access to drinking water in the three communes of Thio,
Kouaoua and Poum, which are home to mining sites. 2,500 inhabitants
benefited from education projects in the commune of Houaïlou and a
tribe in Thio benefited from a reforestation programme set up
following forest fires.
SLN paid €12M in taxes and dividends to local
authorities in 2023 and spent €339M on local purchasing and
subcontracting. Total payroll stood at €154M in 2023. The number of
direct jobs totalled 3,330, 95% of which are in the local area.
In total, Eramet's contribution to New
Caledonia's economy was €507M over the year.
In Norway, the company
continues to support local cultural and sporting events through an
annual community investment of €147,000, benefiting more than
10,000 people in the region.
In total, Eramet's contribution to Norway's
economy amounted to almost €271M. Local purchasing totalled €206M,
while the company paid €12M in taxes in 2023. 737 people work for
ENO, almost all of them from the region where the site is located,
representing a total payroll of €54M.
In the United States, Eramet in
Marietta supports local health and education initiatives, in
particular scholarships for students and public health initiatives,
for a total of €33,000. For example, the company directly supports
60 people with reduced mobility to enable them to access necessary
medical care.
The subsidiary paid €383,000 in tax and
dividends and spent €123M on purchasing and subcontracting, in
2023. Payroll costs amounted to €20M. The plant provides 198 direct
jobs, 96% of which are in the local area.
In total, Eramet's contribution to the United
States' economy amounts to more than €140M over the year.
In France, the French entities
paid €9M in tax in 2023. Total payroll amounted to €112M. In total,
these entities spent €162M on purchasing and subcontracting in the
country. The Group employs 902 people across all its French
entities.
The French entities invested €438,000 in
corporate philanthropy. In 2023, these efforts made it possible to
support the Femmes d'Avenir (Women of the Future) programme created
at Group level, whose first actions were in Gabon in 2022 and in
Senegal in 2023. This pilot programme is part of a more global
contributory programme called Eramet Beyond For Contributive
Impact, launched in 2024 as part of the “Act for Positive Mining”
Roadmap.
In total, Eramet's contribution to France's
economy was more than €280M over the year.
Lastly, in Cameroon, the Group
announced in October 2023 that it would terminate the feasibility
studies for the rutile production project in Akonolinga. Eramet
finalised the rehabilitation of a study site and returned the
exploration permits to the Cameroonian government, while providing
social support for the teams. In 2023, 610 pupils in the Akonolinga
region benefited from a programme to improve access to education by
supplying equipment. More generally, 600 villagers now have access
to water thanks to the Kane borehole and the Ngoubou water source.
These initiatives required an investment of €23,000. At the end of
2023, the Group decided to launch a programme to support local
development by setting up a plantain purchasing centre in the
Akonolinga area as part of its Eramet Beyond For Contributive
Impacts programme.
The Group paid €400,000 in tax and dividends in
2023, and spent €4M on local purchasing and subcontracting, while
payroll totalled €600,000, with 40 direct jobs.
In total, Eramet's contribution to Cameroon's
economy amounted to more than €5M over the year.
Details of the economic contributions in each
region are available on our website.
Virginie de Chassey, Director
of Sustainable Development and Corporate Commitment at Eramet,
said: “In 2023, we maintained our commitment to promoting a
positive and sustainable impact in the areas where our production
and research sites are located. These contributions reflect our
commitment to strengthening local economies and improving the
quality of life in our communities. We are determined to build on
this momentum in line with our ambition to process mineral
resources responsibly, and to become a benchmark CSR player in the
mining sector.”
Summary of economic contributions in the
main countries of operation
Indicators |
Indicator |
Group |
Gabon 2023 |
Eramine 2023 |
GCO 2023 |
SLN 2023 |
ENO 2023 |
EMI 2023 |
France 2023 |
Weda Bay 2023 |
ERACAM 2023 |
Payments to the government |
Taxes, dividends etc. (€ million) |
687.4 |
339.0 |
73.0 |
24.7 |
11.9 |
11.9 |
0.4 |
9.1 |
217.1 |
0.4 |
Local Content |
Payroll (€ million) |
515.6 |
119.4 |
10.1 |
34.0 |
153.7 |
53.6 |
20.4 |
112.2 |
11.6 |
0.6 |
Local Content |
Direct employees (Dec 31, 2023) |
32,437 |
8,866 |
2,517 |
1,847 |
3,330 |
737 |
198 |
902 |
14,000 |
40 |
Local Content |
Recruitment in 2023 from the local employment area (%) |
|
80% |
76% |
50% |
95% |
100% |
96% |
|
|
|
Local Content |
Amount of purchasing and subcontracting in the country (€
million) |
1,924.7 |
477.2 |
255.7 |
90.4 |
339.3 |
205.6 |
123.4 |
162.4 |
266.3 |
4.4 |
Local Content |
Estimated indirect workforce in the country |
25,664 |
6,500 |
900 |
|
6,000 |
1,120 |
Not Estimated |
24 |
11,120 |
NA |
Community investment |
Community investment expenditure (€ million) |
8.7 |
4.0 |
0.3 |
0.4 |
1.9 |
0.1 |
0.0 |
0.4 |
1.4 |
0.0 |
Community investment |
Estimated number of beneficiaries |
270,091 |
226,441 |
1,170 |
2,000 |
4,000 |
10,000 |
70 |
|
25,000 |
1,410 |
Total |
Total economic impact (€ million) |
3,136.4 |
939.7 |
339.1 |
149.5 |
506.8 |
271.1 |
144.2 |
284.2 |
496.4 |
5.4 |
Timetable
07.25.2024: Publication of 2024 half-year
results
10.24.2024: Publication of Q3 2024 sales
ABOUT ERAMET
Eramet transforms the Earth's mineral resources
to provide sustainable and responsible solutions to industrial
growth and the challenges of the energy transition.
Its employees are committed to this through
their civic-minded and contributory approach in all the countries
where the mining and metallurgical group operates.
Manganese, nickel, mineralised sands, lithium
and cobalt: Eramet values and develops the metals that are
essential for building a more sustainable world.
As a privileged partner of its industrial
customers, the Group helps to make infrastructures and buildings
robust and resistant, means of mobility more efficient, healthcare
tools safer and telecommunications equipment more effective.
Fully committed to the metals era, Eramet is
aiming to become a benchmark in the responsible processing of the
Earth's mineral resources for the benefit of all.
www.eramet.com
INVESTOR RELATIONS Director of Investor
RelationsSandrine Nourry-Dabi Tel. +33 1 45 38 37 02
sandrine.nourrydabi@eramet.com |
PRESS CONTACT Media relations manager Fanny
Mounier Tel. + 33 7 65 26 46 83fanny.mounier@eramet.com |
1 This overview, drawn up in accordance with
EITI (Extractive Industries Transparency Initiative) methods,
mainly concerns taxes and duties paid to national and local
governments, as well as dividends paid to public shareholders of
the parent company and subsidiaries.2 These figures are given
prorated to Eramet's indirect stake in PT Weda Bay Nickel (38.7%).3
Same.4 Same.5 Same.6 This figure corresponds to direct employment
during the construction phase.
- 2024-Eramet-PR-economic contribution-2023
Eramet (TG:ER7)
Graphique Historique de l'Action
De Sept 2024 à Oct 2024
Eramet (TG:ER7)
Graphique Historique de l'Action
De Oct 2023 à Oct 2024