Skip to main content

Eramet obtains exploration permits for mineral sands in Cameroon

Written by Customer Service on . Posted in Public Companies.

Paris, 29 November 2019, 6:00 pm  PRESS RELEASEEramet obtains exploration permits for mineral sands in CameroonAfter a call for bids launched in September 2018, the Cameroonian Ministry of Mines, Industry and Technological Development has granted the Eramet Group three-year exploration permits on the rutile block of Akonolinga.These permits will allow the Eramet teams to conduct the necessary fieldwork and feasibility studies in order to obtain a mining convention. Preliminary exploration campaigns were conducted in the area located in the central region of Cameroon, and identified a strong potential for rutile, a mineral sand composed of titanium, used essentially in the production of pigments.This project would provide a diversification of the Group product portfolio on the rutile market, which is particularly attractive and would reinforce the mineral sands activities currently operated in Senegal. This development is fully in line with Eramet’s strategy to develop a diversified portfolio of assets through mining exploration on the Group’s strategic metals and in new countries.This new set up of Eramet in Cameroon will reinforce its footprint in Africa, where it is already strongly involved through its operations in Gabon and Senegal. Beyond this first success, and as part of an approach based on a long-term partnership with the Cameroonian government, Eramet wishes to identify other opportunities in the country for metals already operated by the Group, especially nickel and cobalt.Our development strategy for all of Eramet’s subsidiaries is based on a strong and lasting establishment in its host countries, built on a partnership-based approach with all stakeholders. As a responsible, committed and contributory company, Eramet develops its projects according to the best international standards in terms of environment, society and ethics. Eramet is committed to a responsible continuous improvement approach in order to place Corporate Social Responsibility at the heart of its activities.Calendar19.02.2020: Publication of 2019 annual results20.02.2020: Webcast & 2019 annual results presentation28.04.2020: Publication of 2020 first-quarter salesABOUT ERAMETEramet, a global mining and metallurgical group, is a key player in the extraction and valorisation of metals (manganese, nickel, mineral sands) and the elaboration and transformation of alloys with a high added value (high-speed steels, high-performance steels, superalloys, aluminium and titanium alloys).The Group supports the energy transition by developing activities with high growth potential. These include lithium extraction and refining, and recycling.Eramet positions itself as the privileged partner of its customers in sectors that include carbon and stainless steel, aerospace, pigments, energy, and new battery generations.Building on its operating excellence, the quality of its investments and the expertise of its employees, the Group leverages an industrial, managerial and societal model that is virtuous and value-accretive. As a contributive corporate citizen, Eramet strives for a sustainable and responsible industry.Eramet employs around 13,000 people in 20 countries with sales of approximately €4 billion in 2018.For further information, go to www.eramet.com
AttachmentEramet CP 2019-10 Cameroun EV

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.