Eramet targeted by financial fraud


Paris, December 21, 2021, 8:30 a.m.


Eramet targeted by financial fraud

Eramet has identified a financial fraud within its central treasury.

Eramet immediately initiated the necessary investigations and mobilized all internal and external resources necessary to put an end to these fraudulent activities and take corrective measures.

Eramet will file a criminal complaint with the authorities and take immediate disciplinary action against the identified personnel. The Group will also take all possible measures to reduce the impact of this fraud on its accounts.

The financial impact of this fraud is currently estimated at 45 million euros, before insurance or the implementation of legal action. It will be recognized in operating income for 2021.

Eramet’s Board of Directors has been informed of the situation and, with the help of the Audit Committee, will regularly monitor the progress of investigations and the implementation of corrective measures.

In addition to all existing controls, Eramet will examine all additional measures to further strengthen its internal control procedures and prevent such fraudulent acts.


02.23.2022: Publication of the 2021 annual results

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Eramet transforms the Earth’s mineral resources to provide sustainable and responsible solutions to industry growth and the challenges of energy transition.

Its 13,000 employees are committed to it 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: Eramet recovers and develops metals essential to building a more sustainable world.

As a privileged partner of its industrial customers, the Group contributes to building robust and resilient infrastructures and constructions, more efficient means of mobility, safer health tools and more efficient telecommunications systems.

Fully committed to the era of metals, Eramet’s ambition is to become a benchmark in the responsible transformation of the Earth’s mineral resources for good living together.


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