Few European companies are as well positioned as they are in the extraction of metals essential to the energy transition.
Eramet, the only large-scale French mining company, has mines for nickel in New Caledonia and Indonesia, for manganese in Gabon and soon for lithium in Argentina.
These are all essential materials for the manufacture of electric batteries.
See also
New Caledonia: nickel, a local treasure that stirs up greed and tensions
The Argentinian project is also its latest, relaunched in the fall of 2021 after a
"cocooning"
of the site in early 2020 because of the pandemic.
A "
superb deposit"
, as the CEO of the Christel Bories group describes it, estimated at 10 million tonnes.
But also a project which symbolizes Eramet's financial shortcomings.
The company owns the mining rights and has internally developed an in-house mining process to operate the site.
But the French company had to go find a Chinese, Tsingshan, to finance the future development of the project.
The latter will bring 375 million dollars on ...
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