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Nickel producers eye Indonesia to plug into EV battery market

By: Reuters     14th September 2018 Several global metals producers have set their sights on Indonesia's nickel reserves to tap an expected surge in demand for the metal for electric vehicle batteries. Sumitomo Metal Mining (SMM) said on Thursday that it and nickel miner PT Vale Indonesia are conducting a feasibility study to... 

Nickel price to benefit from short supply, strong steel demand through 2019

By: Reuters     12th September 2018 Slower production increases in leading supplier Indonesia and continued growth in stainless steel demand are forecast to extend a supply shortage in the global nickel market, supporting price gains through 2019. Nickel, which recently hit its lowest since December, could climb as high as $16 000... 

Eramet to acquire remaining MDL shares

By: Esmarie Swanepoel     6th August 2018 French group Eramet will start the compulsory acquisition of all the remaining shares in ASX-listed Mineral Deposits, after gaining a 99.24% interest in the company at the close of its takeover offer on August 3. Eramet had offered MDL shareholders A$1.75 a share in cash for their interest in... 

Eramet to replace MDL board after gaining major share

By: Esmarie Swanepoel     11th July 2018 French firm Eramet has extended the takeover offer period for its joint venture (JV) partner Mineral Deposits (MDL) until July 24, flaunting a 63.87% interest in the ASX-listed company. The directors of MDL this week unanimously recommended the revised takeover offer from Eramet, after the... 

MDL urge acceptance of Eramet offer

By: Esmarie Swanepoel     10th July 2018 Takeover target Mineral Deposits (MDL) has urged shareholders to accept the revised offer from joint venture partner Eramet. Eramet earlier this month declared its offer for MDL unconditional, while maintaining the offer price of A$1.75 a share in cash for each MDL share held, saying it will not... 

MDL rejects revised offer

By: Esmarie Swanepoel     14th June 2018 Takeover target Mineral Deposits (MDL) have urged shareholders to reject the improved offer from joint venture (JV) partner Eramet, saying that it was still below the independent expert’s valuation. Eramet this week increased its offer for MDL from A$1.46 a share to A$1.75 a share, increasing... 

Eramet ups MDL offer

By: Esmarie Swanepoel     13th June 2018 French suitor Eramet has increased its offer for ASX-listed Mineral Deposits (MDL) from A$1.46 a share to A$1.75 a share, increasing MDL’s valuation from A$291-million to A$322-million. Eramet told MDL shareholders that the increased offer, which would close on July 13, would not be increased in... 

MDL urges shareholders to reject offer from French suitor

By: Esmarie Swanepoel     10th May 2018 Takeover target Mineral Deposits (MDL) on Thursday urged shareholders to reject an offer from its joint venture (JV) partner, Eramet. The French mining and metallurgy company last month launched an offmarket takeover offer for MDL, offering shareholders A$1.46 a share in cash for their interest... 

Eramet launches A$291m takeover offer for MDL

By: Esmarie Swanepoel     27th April 2018 Base metals producer Eramet has launched an off market takeover offer for joint venture (JV) partner Mineral Deposits Limited (MDL). Eramet, which holds a 50% interest in the TiZir titanium and iron JV, in Norway, was offering MDL shareholders A$1.46 a share in cash for their holding in the... 

Eramet eyes expansion in electric vehicle metals

By: Reuters     20th February 2018 Eramet CEO Christel Bories said on Tuesday that the French mining group is looking to expand in minerals like cobalt, lithium and nickel salts linked to energy transition markets like electric vehicles. Eramet is actively looking at acquisition targets after previously acquiring a lithium deposit... 

Glencore sees nickel in best shape in decade before EVs take off

By: Bloomberg     21st November 2017 Glencore is seeing the best market conditions for nickel in at least a decade, and electric cars are barely playing a part yet. The miner and trading giant expects nickel’s 2017 deficit at 170 000 metric tons -- one of the biggest in years and more than most market estimates – to be driven by a... 

Eramet expects significantly higher operating profit

By: Mariaan Webb     24th October 2017 French multinational Eramet’s operating income for 2017 is expected to exceed that of the previous year, the nickel and manganese producer reported on Tuesday, citing higher prices and productivity gains. The Euronext Paris exchange-listed miner reported operating profit of €84-million in 2016... 

MDL says Norway TiZir furnace to be off line for up to 5 weeks

By: Mariaan Webb     16th August 2016 Australia-based Mineral Deposits Limited (MDL) said on Tuesday that the TiZir titanium and iron ilmenite upgrading facility (TTI) in Norway would be off line for between four and five weeks, after an overnight operational incident. The incident caused damage to the surrounds of the furnace, but... 

$400m metallurgical complex launched as Gabon moves to industrialise mining sector

By: Anine Kilian     10th July 2015 Gabon–based national mining company Société Equatoriale des Mines (SEM) officially launched its Moanda Metallurgical Complex (CMM), located in Haut-Ogooué province, in south-east Gabon, last month. CMM is a project initiated by the Compagnie Minière de l’Ogooué as part of a partnership between... 

Gabon miner to exhibit at indaba for first time

By: Anine Kilian     23rd January 2015 Gabon-based mining company Société Equatoriale des Mines (SEM), which will exhibit for the first time at the 2015 Mining Indaba, taking place at the Cape InternationalTown Convention Centre from February 9 to 12, was given a 28.45% stake in manganese producer Compagnie Minière de l'Ogooué... 

Ownership transfer in line with Gabon’s plan to promote mining sector

7th November 2014 In line with its Strategic Plan for an Emerging Gabon (SPEG), the Gabon government in September transferred its 28.45% stake in French mining company Eramet’s Gabon-based subsidiary, Compagnie Minière de l’Ogooué Comilog Société Equatoriale des Mines (Comilog) to the Gabon State-owned mining... 

Gabon, Morocco pen co-op agreements

By: Ilan Solomons     11th July 2014 Gabon and Morocco signed two major agreements in March to develop their respective natural resources and increase the industrialisation of both countries’ economies. The first agreement is between Gabon’s State-owned mining company Société Équatoriale des Mines (SEM) and Morocco’s State-owned... 

New Gabon mining code in effect by year-end

By: Ilan Solomons     11th July 2014 Gabon will soon adopt a new mining code, which will include provisions for the protection of the environment, corporate responsibility, a new ‘investor- friendly’ tax regime, simplified procedures for the granting of exploration permits and the establishment of a mining cadastre, Gabon... 

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