sln

What sln does

SLN (Société Le Nickel) is a French-domiciled nickel mining and processing operation based in New Caledonia, a French overseas territory. It is wholly owned by Eramet, a publicly listed mining and metals group on Euronext Paris with approximately 10,400 employees globally across a diversified portfolio spanning manganese, nickel, mineral sands, and lithium. SLN is one of Eramet's key operational subsidiaries alongside Comilog (Gabon), Grande Côte (Senegal), Eramine (Argentina), Eramet Indonesia, Eramet Marietta (USA), and Eramet Norway, with its dedicated web presence at sln.eramet.com.

SLN's core product is ferronickel, produced through pyrometallurgical processing of nickel ore extracted from open-pit mining operations in New Caledonia, including sites such as Tiébaghi where water management infrastructure supports environmental compliance. The underlying technology is conventional nickel ore extraction combined with Eramet's proprietary pyrometallurgical know-how, marketed to industrial customers under the 'Act for Positive Mining' sustainability framework. Marketing and investor communications are executed through Eramet's group-level corporate website, investor relations platform, and industry publications such as the manganese decarbonization white paper.

SLN operates as a B2B commodity producer, selling nickel ore and ferronickel directly to major industrial manufacturers, steel producers, and emerging battery materials customers via Eramet's established corporate sales channels. Revenue follows a commodity pricing model based on global nickel and manganese market rates, with contracts negotiated individually with industrial buyers. No public pricing tiers, customer logos, or contract terms are disclosed, and SLN-specific revenue figures are not separated from Eramet group financials, where H1 2026 showed an EBITDA rebound and execution of a group-wide funding plan.

Name

sln

Legal name

Société Le Nickel (SLN)

Website

https://eramet-sln.com

Company type

Private

Operating status

Operating

Short description

SLN (Société Le Nickel) is a French-domiciled nickel mining and processing operation in New Caledonia, wholly owned by Eramet. It extracts nickel ore and produces ferronickel through pyrometallurgical processing, supplying global steel, stainless steel, and emerging battery industry customers via Eramet's B2B distribution network.

Ownership category

akta.pro rank

Product category

Nickel Mining and Metals Production

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Primary Metal Manufacturing (331)

SIC

Metal Mining (1000), Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Nickel Mining & Concentrates (IMAKAFAB)

akta.pro secondary industry

Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)

Keywords

• Nickel mining
• Ferronickel production
• Pyrometallurgical processing
• Manganese ore extraction
• Stainless steel supply

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Nickel and Manganese Metal Sales: SLN generates revenue through the extraction, processing, and sale of nickel and manganese ores and refined metals. As a mining and metals producer, revenue is derived from selling extracted and processed mineral resources to industrial customers in the steel manufacturing and potentially battery production sectors. Revenue follows a commodity pricing model based on global metal prices.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

SLN (Société Le Nickel) mines nickel ore and produces ferronickel through pyrometallurgical processing at its New Caledonia operations. The company also extracts and processes manganese ore as a secondary product. Output is sold to industrial customers in the steel, stainless steel, and battery/EV value chains under negotiated commodity-based contracts.

Product overview

SLN (Société Le Nickel) is a nickel mining and processing operation based in New Caledonia, operated by Eramet. It is part of Eramet's broader mining and metals group, which also includes manganese, nickel, mineral sands, and lithium operations. SLN specifically focuses on nickel extraction and processing, producing ferronickel products. The company operates mining sites in New Caledonia and is integrated within Eramet's global mining activities.

Differentiator

Problem solved

Functional benefit

Products and services

• Ferronickel production Refined ferronickel produced by SLN through pyrometallurgical processing of nickel ore at its New Caledonia operations, supplied to industrial customers in the stainless steel manufacturing industry.
• Nickel ore extraction Nickel ore extracted from open-pit mining operations in New Caledonia, processed and sold to industrial buyers in the steel, stainless steel, and battery value chains.
• Manganese ore extraction Manganese ore extracted alongside nickel operations in New Caledonia and sold to industrial customers in the steel manufacturing sector.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered major and core.

• Gabonese RepublicmajorStrategic or Co-development Partner · 20 July 2026Eramet and the Gabonese Republic signed a structured memorandum of understanding to sustainably transform the manganese value chain in Gabon. This partnership focuses on the sustainable development of manganese operations and value chain transformation, involving Comilog Dunkerque which benefits from the EU Just Transition Fund.
• Lithosquare and BRGMcoreStrategic or Co-development Partner · 9 June 2026Eramet, Lithosquare, and BRGM combine their expertise and leverage AI to accelerate the discovery of critical metals. BRGM (Bureau de Recherches Géologiques et Minières) is France's geological survey organization, bringing geological expertise to the partnership for critical metals exploration.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Vale SA: One of the world's largest mining conglomerates with significant lateritic and sulfide nickel operations globally. Vale is comparable as a vertically integrated nickel producer serving both stainless steel and battery markets, though at much larger scale and with broader commodity exposure (iron ore, copper).
• Glencore plc: Diversified mining and trading major with nickel operations including the Koniambo ferronickel plant in New Caledonia — a direct geographic competitor to SLN. Glencore's integrated mining-to-trading model and global commodity marketing reach make it a relevant incumbent peer for SLN's nickel business.
• Tsingshan Holding Group: Chinese stainless steel and nickel producer that pioneered Indonesia's rotary kiln electric furnace (RKEF) nickel pig iron model and now controls vast laterite nickel capacity. Comparable as a major integrated stainless steel nickel producer and the principal cost-disruptor in global nickel markets.
• Jinchuan Group: China's largest nickel producer, operating integrated sulfide and laterite mines with refining and downstream battery materials capacity. Comparable as a vertically integrated nickel miner and refiner producing nickel sulfate for batteries and nickel pig iron for stainless steel.
• Eramet (parent): Eramet is SLN's publicly-traded parent and a diversified mining group. While not an external peer, it is the most directly comparable operating entity since SLN's results roll up into Eramet's manganese, nickel, mineral sands, and lithium portfolio with ~10,400 employees globally.
• BHP Group: Global mining major with significant nickel operations (now including Western Australia Nickel). Comparable as a large diversified miner with nickel exposure serving stainless steel and battery customers, providing a useful scale benchmark for evaluating SLN's standalone position.

Direct peers

• PT Vale Indonesia: Indonesian lateritic nickel producer operating a major mining and processing complex in Sulawesi. Directly comparable as a laterite nickel miner producing nickel matte for stainless steel and battery markets, and a key representative of the lower-cost Indonesian supply that pressures SLN's margins.
• Nickel Asia Corporation: Philippines-based lateritic nickel ore producer with multiple operating mines exporting primarily to Japanese and Chinese nickel processing facilities. Directly comparable as a regional laterite nickel ore producer serving Asian stainless steel and battery nickel markets.
• Sherritt International: Canadian miner with lateritic nickel and cobalt mining operations in Cuba, producing nickel and cobalt for the battery supply chain. Comparable as a mid-tier laterite nickel producer focused on battery-grade end markets with similar cost structure challenges to SLN.

Others

• South32 Limited: Diversified mining company spun out of BHP with manganese, nickel, and aluminum operations. Comparable as a diversified mid-cap miner with nickel exposure and a similar multi-commodity, multi-jurisdiction operating model to Eramet/SLN.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sln-le-nickel

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about sln