ERAMET group: Update regarding operational incident at TiZir in Norway on 15 August 2016
(Thomson Reuters ONE) -
Paris, 24 October 2016
PRESS RELEASE
Update regarding operational incident at TiZir in Norway on 15 August 2016
Reference is made to the announcements dated August 16(th) and 22(nd) of
September 2016 regarding the incident that occurred at the TiZir Titanium and
Iron ilmenite upgrading facility ('TTI') in Tyssedal, Norway.
Taking into account observations made during the repair and heating period
carried out since 22 September the decision has been made to proceed to
relining. The furnace should restart mid-January 2017 with a ramp up to previous
production level over the ensuing four weeks.
Discussions between TTI and its insurance company about the indemnification of
property damage as well as of business interruption are progressing.
The Group will continue to update the market as information becomes available.
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ABOUT ERAMET
ERAMET is one of the leading global producers of:
* alloying metals, particularly manganese and nickel, used to improve the
properties of steel,
* high-performance special steels and alloys used in industries such as
aerospace, power generation and tooling.
ERAMET is also developing high growth potential activities, such as mineral
sands (titanium dioxide and zirconium), lithium and recycling.
The Group employs approximately 14,000 people in 21 countries.
ABOUT TiZir
TiZir Limited is a 50/50 joint-venture between ERAMET and Mineral Deposits
Limited (Australia). TiZir Limited owns 90% of the Grande Côte Operations
Mineral Sands deposit in Senegal, and 100% of the ilmenite upgrading facility
TiZir Titanium & Iron, in Tyssedal, Norway.
CONTACT
Vice President Strategy and Financial Communication
Philippe Gundermann
Tel: +33 (0)1 45 38 42 78
Investor Relations and Strategic Analyst
Hughes-Marie Aulanier
Tel: +33 (0)1 45 38 38 04
Strategic and Financial Communication Analyst
Ludovic Donati
Tel: +33 (0)1 45 38 42 88
For more information: www.eramet.com
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Update regarding operational incident at TiZir in Norway:
http://hugin.info/143395/R/2050615/767064.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Groupe Eramet via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 24.10.2016 - 08:24 Uhr
Sprache: Deutsch
News-ID 502254
Anzahl Zeichen: 3118
contact information:
Town:
Paris
Kategorie:
Business News
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