Miner Eramet plans capital increase, asset sales after dire year

Eramet

18/02/2026 17:50

PARIS, Feb 18 (Reuters) - French mining group Eramet ERMT.PA will launch a 500 million euro ($590.40 million) capital increase and consider selling stakes in some activities in 2026 after a slump in earnings and a jump in debt last year, it said on Wednesday.

The nickel, manganese and lithium producer unveiled the measures as it also faces a management crisis following the firing of former CEO Paulo Castellari and the suspension of finance chief Abel Martins-Alexandre within a few days earlier this month.

($1 = 0.8469 euros)

 (Reporting by Gus Trompiz; Editing by Joe Bavier)

 ((gus.trompiz@thomsonreuters.com;))