05
Mar
10:29
Eramet to stop injecting cash into SLN
French miner Eramet will provide no more funding to its troubled nickel production subsidiary Societe le Nickel’s (SLN). The French government and Eramet have reached an agreement to “neutralise” SLN’s debt impact on Erament’s balance sheet.
They have jointly decided “to convert their existing loans to SLN into a quasi-equity instrument; the French State’s existing €320m loans to SLN, currently consolidated as debt in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous