Our contribution to the economy of local areas

Eramet actively contributes to public interest issues in the local areas where it operates. As a result, its business benefits the economy in nearly 20 countries around the world.

Fully aware of its responsibilities, Eramet implements a long-term, responsible and socially aware vision. This commitment is reflected in how carefully it conducts its activity by ensuring it protects the environment, establishes relationships of trust with host communities and participates in the economic development of local areas. 

Eramet contributes to the economy of the countries and areas where the Group is established, primarily through: 

  • taxes and fees paid to States and localities
  • the wage bill
  • dividends for public shareholders that have holdings in Eramet's parent company and in its subsidiaries around the world.

These contributions are made completely transparently. In line with its obligations, in 2019 Eramet published a document listing the main indicators on contribution to the economy of local areas: 2020 report on the Group's financial transparency. These elements are aligned with the principles established by the work of the EITI (Extractive Industries Transparency Initiative), which has drawn up best practices for the sector - an initiative that Eramet has supported as a sponsor since 2011.

In 2019, the Eramet group's contribution totaled:

  • €507m in Gabon
  • €349m in metropolitan France
  • €146m in New Caledonia
  • €90m in Norway
  • €34m in Senegal
  • €1.5m in Argentina

These figures only reflect part of the economic impact from Eramet's activity, which takes multiple other forms such as:

On average, 40% of purchases by the Group's mining and industrial sites are conducted locally.