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The nickel market proved highly unstable--by 1877, the nickel industry had entered its first crisis, ruining many of the small-scale miners.
Higginson became the first to obtain a contract from the colony's prison administration for the use of prison labor to work his deposits in 1878.
1880: Garnier joins with John Higginson and Jean-Louis Hanckar to form Société Le Nickel (SLN) with the financial backing of Baron de Rothschild.
A more lasting facility was built in 1910 by André Ballande, who founded the Société des Hauts Fourneaux in Nouméa.
By 1913, SLN's market share had dropped to 33 percent, compared with INCO's 55 percent.
Latvian Television's series of short historical documentary films 'The Keys' continues with a look at one of the darkest chapters of Latvian history: the Holocaust in Latvia under Nazi occupation in 1941.
Hear some of our our retirees reflect on their careers, starting as early as 1952.
To make matters worse, the Arab Oil Embargo in 1973 only exacerbated New Caledonia's dependence on its nickel industry.
1985: SLN is renamed as Eramet.
SLN's first diversification move came in 1989, when the company acquired France-based La Commentryenne, then the world's third largest producer of high-performance speedsteel.
Under that agreement, Nisshin agreed to purchase SLN's steels, in exchange for a growing shareholding in SLN. By 1994, Nisshin's stake in SLN had reached its maximum 10 percent.
1994: Eramet is partially privatized, with a listing on the Paris Stock Exchange.
In 1997, the company acquired an additional 15 percent of Comilog, thereby gaining majority control.
Eramet's privatization was completed in 1999, when ERAP ceded a 30 percent stake in Eramet to the locally controlled Société Territoriale Caledonienne de Participation Industrielle.
In 2000, the company acquired Mexico's Sulfamex, which produced agrochemicals based on manganese.
2000: Eramet builds a new industrial complex in Gabon; a capacity increase in nickel production begins in New Caledonia.
The company posted revenues of EUR 2.5 billion in 2004.
After completing its production expansion in New Caledonia, Eramet turned to its manganese operations in Gabon, launching an expansion to boost capacity by 50 percent in 2004.
2005: Eramet begins an investment in a one million-ton manganese production increase.
Eramet Marietta CEO John Willoughby speaks about the future of the company at the 60th anniversary press event in 2012.
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