CHRISTEL BORIES - ERAMET GROUP CHAIRPERSON AND CEO

ERAMET GROUP CHAIRPERSON AND CEO LEADS A COMPANY THAT CONTRIBUTED €1.4 BILLION TO THE ECONOMY OF LOCAL COMMUNITIES IN WHICH IT OPERATES.

With more than 13,100 employees worldwide, including 8,000 outside mainland France, Eramet has a global human resources policy that promotes local employment, invests in the potential of all its employees and harnesses their diversity.

In 2020, more than 30,000 people in host countries benefited from the Group's community investment programs in support of youth and essential infrastructure, such as access to water, to the tune of €21 million. The Group's ambition to be a local partner in regional development is also illustrated by the creation by Eramet and its subsidiary Comilog of two CSR funds with the Gabonese government to finance new development programs for the benefit of local populations.

Eramet's subsidiaries contributed to the economic development of their host communities with €911 million in local purchases of goods and services and a payroll of nearly €353 million.

Overall, the company contributed €1.4 billion to local economies, including more than €140 million in taxes and dividends paid to governments.

Eramet's support was further strengthened during the Covid-19 pandemic with the setting up of a solidarity plan accompanied by an additional €1.5 million in grants. In addition to the €8.5 million allocated by its subsidiaries, a total of €10 million was set aside, mainly for the purchase of health equipment and supplies, foodstuffs, and basic necessities, to help more than 340,000 people.

In Gabon, Eramet contributed €604 million. The country’s second-largest private employer with more than 7,700 direct jobs, the Group, via its 64%-owned subsidiary Comilog, mines and processes high-grade manganese ore, of which it is the world's second-largest producer. Its subsidiary Setrag operates the Transgabonais railroad, which transports both goods and passengers. The two companies made €468 million in purchases (excluding maritime transport), 76% of which were made domestically. In the course of 2020, the Group provided support to more than 20,000 people, who benefited from its social projects in the areas of health, access to water and education.

In New Caledonia, contributions in 2020 amounted to €413 million. Société Le Nickel (SLN), a 56%-owned subsidiary of Eramet, operates nickel mines and a ferronickel metallurgical plant. SLN is the largest private employer in New Caledonia, with more than 3,200 direct jobs, and it made €267 million in purchases from New Caledonian suppliers. SLN has a long-standing commitment to local communities, and in 2020 its programs helped more than 5,000 people.

In Senegal, Eramet's contribution in 2020 amounted to €123 million via its 90%-owned subsidiary Grande Côte Opérations (GCO), which operates a mineral sands deposit. The company makes a major economic contribution thanks to the 1,500 direct jobs it provides and the fact that 70% of its purchases are made domestically. Initiatives undertaken to help local populations provided assistance to more than 6,000 people, particularly in the areas of education, access to water and economic diversification.

"In the countries and communities where the Group operates, its teams work on a daily basis to support the development priorities of local people. Its aim is to act as a catalyst for local initiatives to improve people's daily lives. Support for local communities, that involves giving priority to local purchases, is a hallmark of the Group."

In Norway, Eramet Norway and TTI, two wholly-owned subsidiaries of the Group, employ almost 800 people in four manganese alloy production and metallurgical conversion plants. The contribution made by the Group in 2020 amounted to €287 million, including €207 million in purchases from Norwegian suppliers. Eramet Norway contributed to communities near its sites by supporting schools and sports and cultural associations.

"Our goal is to drive value creation in all of our activities."

Eramet is also on a mission to transform its business operations with a bold new vision. Chair and CEO Christel Bories has this to say about the transformation:

"Our Group needed a new leap forward. I've launched a new strategic roadmap and a comprehensive managerial transformation, therefore positioning our operational performance and responsible business commitment at the very heart of our challenges. We're adjusting our organisational structures and changing how we work. Through this, we will achieve growth in the metals involved in the energy transition and develop a select portfolio of value-adding mining and metallurgy operations. Our goal is to continually drive value creation in all of our activities by being more agile, more effective and focused on areas where we will make a difference."

Eramet transforms the Earth’s mineral resources in order to provide sustainable and responsible solutions that meet the growth needs of industry and the challenges of the energy transition. Its 13,000 employees are committed to this civic- and socially-minded approach in all the countries where the mining and metallurgical group operates. Manganese, nickel, mineral sands, lithium, and cobalt: Eramet recovers and develops metals that are essential to the building of a more sustainable world. As a trusted partner of its industrial clients, the Group contributes to construction of robust and resilient infrastructure and buildings, more efficient means of mobility, safer medical tools and more efficient telecommunications devices. Fully committed to a new 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.

For more information, please visit: www.eramet.com