PRESS RELEASE
Sibanye Stillwater grants
- Contemplated sale of
Sandouville refinery based on attractive value terms and expected to generate a positive impact on Eramet’s results and cash position - New prospects for the employees and the site which continues its turnaround
- Transaction in line with the Group’s strategic roadmap aiming at focusing on its core growth projects
Following the strategic review of the Sandouville site,
The net proceeds from the sale would amount to c.€65m subject to closing adjustments and would be payable upon completion of the Operation.
The site, which employs around 190 people, specialises in the manufacturing of high value-added nickel salts and high-purity metal for specific applications in electroplating, catalysis, super-alloys and electronics materials. In H1 2021, its turnover totalled €77m for an operating loss before D&A of €14m.
Should the transaction succeed, Sibanye-Stillwater plans to continue the turnaround and develop new activities on site.
Christel Bories,
“This agreement is an opportunity for the Sandouville site and for the Group. Subject to its completion, the transaction would unlock a sustainable future for the site and new prospects to the benefit of the employees and the Normandy region, and would enable
Calendar
25/10/2021: Publication of 2021 third-quarter turnover
ABOUT
Its 13,000 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:
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
ABOUT SIBANYE-STILLWATER
Sibanye-Stillwater is a leading international precious metals mining company, with a diverse portfolio of platinum group metal (PGM) operations in
Established in 2013, the Group has grown and diversified into one of the world’s largest primary producers of platinum, palladium and rhodium and is also a top tier gold producer, ranking third globally on a gold-equivalent basis. It also produces other PGMs, such as iridium and ruthenium, and chrome, copper and nickel as by-products. Not only does the Group mine PGMs, it is also the world’s leading global recycler, processor and smelter of spent PGM catalytic converter materials.
Sibanye-Stillwater is listed on the
www.sibanyestillwater.com
INVESTOR CONTACT Director of Investor Relations T. +33 1 45 38 37 02 sandrine.nourrydabi@eramet.com | PRESS CONTACT Communications Director pauline.briand@eramet.com Image 7 T. +33 1 53 70 74 31 | M. +33 6 75 74 31 73 martzner@image7.fr |
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- Eramet CP_SDV_EN VF
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