Eramet's economic contribution grew in the main regions in which it
operates
PRESS RELEASE
Paris, June 22, 2023, 8:30 a.m CEST.
Eramet's economic
contribution grew in the main
regions in which it operates
- In 2022,
Eramet significantly increased its contribution to the economy of
the regions in which it operates, up to €3.3 billion compared with
€1.8 billion in 2021.
- The
figures for local purchases and payroll also rose, reaching over €2
billion and €0.6 billion respectively.
- More
than 127,940 people have benefited from the Group's social programs
in the countries where it operates, thanks to total expenditure of
approximately €11 million.
Eramet publishes its annual report which details
its payments to governments in countries where the Group is engaged
in mining operations. This "Group Financial Transparency Report
2021 as at 31 December 2022" is available on the Group's
website.
This report, which has been drawn up in
accordance with EITI (Extractive Industries Transparency
Initiative) methods, relates mainly to taxes and royalties paid to
States and regions, as well as the dividends paid to public
shareholders of the parent company and its subsidiaries.
In keeping with its commitment to being a
catalyst for economic development in the regions in which it
operates, the Group also publishes specific data in terms of
community investment, payroll, purchasing and subcontracting at its
main sites (Argentina, Cameroon, the United States, France, Gabon,
Indonesia, Norway, New Caledonia, Senegal). Detailed information on
these contributions is available on the Group's website.
The Group's economic contribution across
all the regions in which it operates has risen
substantially, reaching €3.3 billion in 2022 (compared to €1.8
billion in 2021).
Local purchases and payroll have also increased,
totaling respectively €2.3 billion (compared to €1.1 billion in
2021) and €598 million (versus €456 million in 2021).
Taxes and dividends paid in the various regions
where the Group operates amounted to €480 million in 2022.
Community investment and sponsorship for local
communities totaled almost €11 million in 2022 and benefited more
than 127,940 individuals, particularly young people and women, the
two priority groups targeted by the Group's societal efforts. This
amount includes community spending at sites where Eramet is the
majority shareholder and a donation to the International Red Cross
to support humanitarian aid in Ukraine and community spending by PT
Weda Bay. It does not include expenditures related to initiatives
aimed at mitigating the environmental and social impacts of our
operations.
In Gabon, the group's
subsidiary, Comilog, produces, processes, and refines manganese
ore. The Group’s expenditure on local communities in the country
now totals more than €5 million. In 2022 Comilog continued its
efforts to support local populations via the CSR Fund which is
managed jointly with the Gabonese State, particularly in terms of
infrastructure (electric lighting and drinking water) and access to
medical care (with more than 43,000 medical visits in and around
Moanda). The Société d'exploitation du Transgabonais (Setrag), the
operator of the railway line linking Franceville to the east of
Gabon and Owendo on the country's west coast, pursued its campaign
to improve railway safety awareness among 3,484 schoolchildren. On
the health front, more than 1,000 patients benefited from a
campaign offering free ophthalmology visits, as well as 500 pairs
of corrective eyeglasses and 800 prescription drugs. The campaign
was conducted at major Transgabonais railway stations. The Group is
also continuing to support economic diversification in Gabon. In
2022, in partnership with Women in Africa and thanks to the support
of the Gabonese state, Eramet created the "Femmes d'Avenir” (Women
of the Future) hub in Libreville, which is a center designed to
foster female entrepreneurship. As part of this program, 130 women
entrepreneurs in Gabon benefit from dedicated support for three
years, including training, mentoring, networking and access to
finance. In 2022, thanks to the CSR Fund, a seed fund was created.
With the support of three microfinance institutions, the seed fund
aims to promote economic diversification in the Moanda region by
supporting local small and microbusinesses. This fund is in
addition to the FabLab launched in 2022enabled an initial class of
22 young people in Moanda to benefit from nearly 256 hours of
training courses focused on the digital sector.
In Gabon, the Group paid more than €132 million
in taxes, dividends and taxes and has spent more than €407 million
on local purchases and subcontracting. Payroll amounted to €128
million in 2022, including 8,767 direct jobs.1
In total, Eramet's economic contribution to the
Gabonese economy amounted to €673 million.
In Senegal, where the Group
produces mineral sands (mainly ilmenite and zircon) via its
subsidiary Grande Côte Opérations (GCO), community investment
amounted to €412,000. In order to improve local
people’s access to water, 7 additional districts in the city of
Meckhé are now connected to a supply of drinking water and 1,800
people now have access to clean drinking water thanks to the
drilling of a well in Darou Beye. In terms of health care, more
than 13,000 visits took place at GCO-backed health centers. At the
same time, GCO is actively involved in supporting economic and
social development in Senegal, in particular through the creation
of a number of local Economic Interest Groups (EIGs), as well as
through a program of school renovations. 1,200 women are currently
working in the four EIGs created in 2022.
GCO also paid €17 million in taxes and dividends
taxes and spent €55 million on local purchases and subcontracting.
The company’s payroll amounted to €33 million in 2022. The number
of direct jobs stood at 1,881.
Overall, Eramet's economic contribution to the
Senegalese economy amounted to €106 million.
Located in New Caledonia, La
Société Le Nickel (SLN) is the world’s number one producer of
ferronickel for the stainless-steel market. Community investment
amounted to almost €2 million, which was used to support sports
activities for over 300 young people in the town of Kouaoua, to
supply drinking water to over 100 residents in three towns in the
Thio region, and to provide training for 72 unemployed young people
in need of training.
SLN paid €20 million in taxes and dividends and
spent €392 million on local purchases and subcontracting. The
company’s payroll amounted to €153 million 2022. The number of
direct jobs totaled 3,392.
Overall, Eramet's economic contribution to the
economy in New Caledonia amounted to €568 million.
In Argentina, thanks to its
operations at the Centenario Ratones site, Eramet is establishing
itself as a leading producer of lithium, which is essential to the
country's energy transition. Community investment is an essential
component of this project, which was relaunched in 2021. In 2022,
€137,000 were spent on projects to support the local population in
a region where the Group's operations are set to expand over the
coming years. Aimed at supporting employment among young people,
these initiatives have provided 215 young people in the Salta
region with professional training, and 30 micro-entrepreneurs in
the Puna region with training and help in developing their business
networks. In addition, 70 inhabitants of Indigenous communities in
the Puna have been provided with solar water heaters to improve
their living conditions in these high-altitude areas.
In 2022, Eramine, the Group's subsidiary in
Argentina, paid €29.5 million in taxes and dividends. Spending on
local purchases and subcontracting reached €175m and payroll
amounted to €6 million. In total, the construction of the plant
involves 331 direct jobs.
Overall, Eramet's economic contribution to the
Argentinian economy amounted to almost €210 million.
In Norway, the Group’s
subsidiary Eramet Norway (ENO) produces manganese alloys for the
steel market, while Eramet Titanium and Iron (ETI) converts the
mineral sands produced in Senegal into titanium dioxide slag and
high-purity pig iron, mainly for the pigments and titanium metal
industries. The two companies allocated a total of €177,000 to
community investment. For example, ENO supports the association
"Growth in Sauda" which supports the development of local
businesses and several local youth sports associations. ETI also
provides backing for local sports associations and cultural
events.
In 2022, ENO and ETI paid a total of €17 million
in taxes and dividends. Local purchases amounted to €354 million,
while the payroll for the 982 direct jobs involved accounted for
€77 million.
Overall, Eramet's economic contribution to the
Norwegian economy amounted to almost €448 million.
In the United States, Eramet
Marietta is one of the leading American producers of manganese
alloys and provided €28,000 in support for students from local
universities, cultural events and local sports initiatives and
continued its commitment to the Memorial Health Foundation in
Marietta.
The subsidiary paid €41 million in taxes and
dividends and spent €101m on purchases and subcontracting. The
company’s payroll amounted to €16 million. The plant provides 221
direct jobs.
Overall, Eramet's economic contribution to the
United States economy amounted to approximately €158 million.
In Cameroon, as part of its
exploration efforts on the Akonolinga rutile block, Eramet's
contribution to local communities in 2022 included the posting of
road signs at the entrances to 22 villages near the exploration
site, donations of books and school supplies to some 640 pupils,
and support for the Akonolinga hospital. These initiatives involved
an investment of €80,000.
The Group paid €188,000 in taxes and dividends
and spent €6.3 million on local purchases and subcontracting;
meanwhile payroll amounted to €527,000 with 74 direct on-site
jobs.
Overall, Eramet's economic contribution to the
economy in Cameroon amounted to €7 million.
Finally, in Indonesia, in 2022,
PT Weda Bay Nickel spent approximately €3 million on community
investment. These funds were used to support the development of
local educational facilities for schoolchildren and students in
Halmahera, as well as health care facilities at the UPTD Puskesmas
Kobe health center. Overall, these investments have benefited some
11,000 people.
PT Weda Bay Nickel paid €217 million in taxes
and dividends, and spent €645 million on purchases and
subcontracting. The company's payroll amounted to €22 million. Weda
Bay's activities provide 10,103 direct jobs2.
Overall, Eramet's economic contribution to the
Indonesian economy amounted to approximately €886 million.
Virginie de
Chassey, Director of Sustainable Development and
Corporate Commitment, member of Eramet's Executive Committee, said
“Our corporate purpose— ‘To become a reference for the responsible
transformation of the Earth's mineral resources, for living well
together’ — is reflected in the tangible impact of our investments
in the countries where we operate. The increased scale of our
economic contributions in 2022 is a reflection of both the Group's
business momentum and our commitment to developing a sustainable,
diversified economy that benefits the people who live in the
communities surrounding our sites.”
Calendar
26.07.2023: Publication of 2023 half-year results
26.10.2023: Publication of 2023 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 RELATIONSDirector of
Investor RelationsSandrine Nourry-DabiTel. +33 1 45 38 37 02
sandrine.nourrydabi@eramet.com |
MEDIA CONTACTMedia RelationsFanny
Mounier fanny.mounier@eramet.comTel. + 33 7 65 26 46 83 Image
7Marie ArtznerTel. +33 1 53 70 74 31 | Mob. +33 6 75 74 31
73martzner@image7.fr |
1 Direct jobs comprise subsidiary staff and permanent
subcontractors employed on-site.2 Mining operations are carried out
by several local subcontractors under the management of PT Weda
Bay.
- PR - Contributing indicators 2022
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