Latest news with #exportban
Bloomberg
3 days ago
- Business
- Bloomberg
Eramet Shares Drop as Gabon Aims to End Manganese Ore Exports
Eramet SA shares fell as much as 5.7% after Gabon decided to ban the export of manganese ore from 2029, jeopardizing the French miner's biggest source of profit. Friday's announcement, which threatens to upend the supply chain of a metal that's used to harden steel products chiefly used in construction, is part of the African nation's aim to boost jobs and add more value domestically to the country's oil, timber and manganese resources.
Reuters
3 days ago
- Business
- Reuters
France's Eramet says it will work with Gabon despite manganese export ban
PARIS, June 2 (Reuters) - French miner Eramet ( opens new tab, the main shareholder in Gabon-based manganese mining firm Comilog, said it will aim to safeguard the 10,460 Gabonese jobs sustained by Comilog and Comilog railway transport unit Setrag, despite Gabon's announcement of an export ban on manganese starting in 2029. Eramet said it "takes note of the Gabonese government's intention to ban crude manganese exports from January 1st, 2029. This move is described as part of the country's stated ambition to strengthen its industrial base, initiated by H.E. President Brice Clotaire Oligui Nguema and his Government". It said it acknowledged the government's move and, as the main co-shareholder in Comilog, will continue to work with the authorities "in a spirit of constructive partnership and mutual respect". In August 2023, Eramet temporarily halted manganese mining operation following a military coup that ended 56 years of rule by former President Ali Bongo. In April 2025, Gabon's Constitutional Court confirmed that coup leader Brice Oligui Nguema won the oil-rich Central African nation's presidential election. In October 2024, Eramet sharply cut 2024 production targets for its manganese mine in Gabon - the world's biggest - citing a downturn in the manganese market. Eramet's Comilog subsidiary processes some manganese, which is mainly used to produce carbon steel, locally in Gabon but mostly exports its mine production as ore.
Yahoo
4 days ago
- Business
- Yahoo
Eramet's response to the Gabonese government's announcement on crude manganese export ban starting in 2029
Paris, 2 June 2025, 8:00 a.m. PRESS RELEASE Eramet's response to the Gabonese government's announcement on crude manganese export ban starting in 2029 Eramet takes note of the Gabonese government's intention to ban crude manganese exports from January 1st, 2029. This move is described as part of the country's stated ambition to strengthen its industrial base, initiated by H.E. President Brice Clotaire Oligui Nguema and his Government. A long-standing partner of Gabon and with over 30 years of presence in the country, Eramet has a track record as a committed investor in Gabon, supporting the country's industrial development ambitions through investing in sustainable mining operations, constructing value-adding transformation facilities and upgrading key infrastructure. Eramet acknowledges the Government's ambition and, as the main co-shareholder in Comilog, will continue to work with the authorities in a spirit of constructive partnership and mutual respect. Eramet will remain attentive to this policy shift and will work collaboratively to identify further opportunities for it to contribute to Gabon's economic development in the long term, whilst maintaining the sustainability of its mining and metals operations. In particular, the Group aims to safeguard the strategic role of Comilog and Setrag in being an internationally significant supplier of manganese to the global steel industry — and the 10,460 Gabonese jobs they sustain. Calendar 30.07.2025: Publication of 2025 half-year results 30.10.2025: Publication of 2025 Group third-quarter turnover ABOUT ERAMET Eramet transforms the Earth's mineral resources to provide sustainable and responsible solutions to the growth of the industry and to the challenges of the energy transition. Its 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 and lithium: Eramet recovers and develops metals that are essential to the construction of a more sustainable world. 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. INVESTOR CONTACTDirector of Investor RelationsSandrine Nourry-DabiT. +33 1 45 38 37 02 PRESS CONTACTMedia Relations OfficerNedjma AmraniT. +33 6 65 65 44 Attachment 2025 06 02 - Eramet - PR - Response_ Gabonese government's Announcement EN VFSign in to access your portfolio
Bloomberg
29-05-2025
- Business
- Bloomberg
US Halts Exports of Some Jet Engine Tech to China, NYT Says
US President Donald Trump has barred the export of critical US jet engine parts and technology to China, the New York Times reported. The move could seriously impact China's efforts to develop a domestic planemaking industry, with one person familiar with the matter saying the US Commerce Department had suspended some licenses that allowed US companies to sell products and technology to state-owned Commercial Aircraft Corp of China Ltd.
Reuters
19-05-2025
- Health
- Reuters
Brazil can no longer export poultry and meat to EU due to bird flu
BRUSSELS, May 19 (Reuters) - Brazil is no longer allowed to export poultry and meat products to the European Union due to the outbreak of bird flu, the European Commission said on Monday. "EU import conditions require that the country of export (Brazil) is free of Highly Pathogenic Avian Influenza," a European Commission spokesperson said in an email. "Brazilian authorities can no longer sign such animal health certificates for export into the EU and such certificates cannot be issued. No poultry/meat products can be exported to the EU from any part of the Brazilian territory."
