ERAMET group: Update regarding operational incident at TiZir (a 50% ERAMET subsidiary) in Norway on 5 August 2016
(Thomson Reuters ONE) -
Paris, 23 December 2016
PRESS RELEASE
Update regarding operational incident at TiZir (a 50% ERAMET subsidiary) in
Norway on 5 August 2016
Reference is made to the announcements dated August 16(th), September 22(nd) and
October 24(th) 2016 regarding the incident that occurred at the TiZir ilmenite
upgrading facility in Tyssedal, Norway.
The relining of the furnace and preparation for return to operation proceeds
according to plan. TiZir expects to commence production mid-January 2017 with a
ramping up over 4 weeks.
TiZir has agreed with its insurance company on a full and final settlement of
NOK 305 million (USD 35 million).
- ooOoo -
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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 20 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
Strategic and Financial Communication Analysts
Ludovic Donati - Tel: +33 (0)1 45 38 42 88
Arthur Perroton - Tel: +33 (0)1 45 38 37 32
For more information: www.eramet.com
Follow us on ERAMET Finance App:
IOS: https://itunes.apple.com/app/eramet-finance/id1115212055?mt=8
Android: https://play.google.com/store/apps/details?id=com.eramet.finance
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Update regarding operational incident at TiZir in Norway:
http://hugin.info/143395/R/2067636/776386.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: 23.12.2016 - 08:38 Uhr
Sprache: Deutsch
News-ID 514680
Anzahl Zeichen: 3046
contact information:
Town:
Paris
Kategorie:
Business News
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