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Mr Herman ( ERAMET) Group in the first half of 2016 nickel production by 2%

by:Deyuan      2020-12-23
All mining and metal smelting group experienced a long-term downturn in prices. In the first half of 2016 Mr Herman group ( ERAMET集团) Metal prices hit its lowest level since 15 years.



in the first half of 2016 Mr Herman ( ERAMET) Sales of 137. 30000 euros, compared with 2015 in the first half fell 16%, compared with the decline in the second half of 2015 7. 4%.







sales ( Thousands of euros)


Q2 2016


Q1 2016


Q4 2015


Q3 2015


Q2 2015


Q1 2015




Mr Herman nickel industry


137


118


144


146


204


192













in the first half of 2016 the company nickel production ( Nickel iron and nickel sulfide) Compared to 25737 tons, 26279 tons in the first half of 2015 fell by 2%.









units: tons of


H1 2016


H2 2015


H1 2015




nickel production ( Nickel iron and nickel sulfide) 25737





27090


26279




nickel product sales


26463


26340


28250













Mr Herman (nickel industry ERAMET Nickel) : in the first half of 2016 sales fell 36% in the first half of 2015 compared to 2. 5. 5 billion euros. The current operating income is - 89 million euros, although in the first half of 2016 prices fell, but compared to operating income in the first half of 2015 is slightly better. Located in new caledonia Socié té Le Nickel – SLNS, detected ERAMET owns a 56% stake, at the end of 2015 also posted a negative cash position. In the first half of 2016, SLNS thanks to ERAMET detected the financial support, until the end of June 2016, a total of 1. 900 million euros. Financial support for the board of directors for approval.

Socié té Le Nickel ( SLN) Project: efforts to achieve SLNS plan to reduce the production cost, detected average cash cost is expected by the end of 2017 compared with 2015 achieve 25% cash cost reduction, in the first half of 2016 have been implemented to reduce cash cost 10%.

ERAMET of SLNS fiscal support detected: the French government loans directly to the SLNS provide detected 200 million euros, Mr Herman to SLNS provide 1 detected. 3. 5 billion euro loan to ensure SLNS continuity detected until 2018. The loan will be paid according to the requirements in installment, and according to the movements of prices may adjust. In order to realize the specialization of nickel iron, in the second half of 2016 SLNS production nickel sulfide - no longer detected A nickel intermediates mainly supplied to the French Le Havre - nickel refining factory Sandouville。 In consumption after the rest of the nickel sulfide inventory, Sandouville factory will sign a long-term agreement by Mr Herman third-party supply nickel sulfide material.
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