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10.11.11

 

IMERYS Performance and Filtration Minerals announces details of its Energy Surcharge programme

 

Paris, November 10 2011. In response to on-going volatility in the price of natural gas, electricity and fuel oil, and as advised in an earlier announcement of 13 October 2011, IMERYS Performance and Filtration Minerals has no choice but to implement a system of Energy Surcharges (ESC) across its range of European products as contracts allow.

 

The level of Energy Surcharge applicable to each product will be calculated based on independently published indices for the cost of natural gas ⁽¹⁾ and oil ⁽²⁾. Surcharges may be positive or negative depending on movement in the market price for energy and will appear as a separate line item on each invoice.

 

These surcharges will be applied at the time an order is received. Any changes in surcharge will be assessed on the first day of each month and published on our website (http://www.imerys-perfmins.com).

 

Please see the tables below for more information on the Energy Surcharges applicable to different product ranges.

 

Kaolin - Energy Surcharge in £/metric tonne

1. ⁽¹⁾ UK natural gas price based on the average of daily settlement prices during month M-1 for the forward contracts for month M. These forward prices are published on the ICE website (www.theice.com/marketdata/reports/ReportCenter.shtml).
   The average gas price during quarter 1 of 2011 has been taken as a reference for zero surcharge.

  

Optimat - Energy Surcharge in Euro/metric tonne

• ⁽²⁾ Brent oil prices based on the monthly average of daily spot price for the previous month. These prices are published on the ICE website
  (www.theice.com/marketdata/reports/ReportCenter.shtml).
  The Price for Brent crude during December 2010 has been taken as a reference for zero surcharge.

 

1. Perlite- Energy Surcharge in Euro/metric tonne
   

   1. ⁽²⁾ Brent oil prices based on the monthly average of daily spot price for the previous month. These prices are published on the ICE website
      (www.theice.com/marketdata/reports/ReportCenter.shtml).
      The Price for Brent crude during December 2010 has been taken as a reference for zero surcharge.

   
   IMERYS Performance and Filtration Minerals appreciates its customers understanding during these times and looks forward to continuing support.

   
   Should Imerys customers have any further questions please do not hesitate to contact us via your usual Imerys commercial representative.

    

    

   For further information please contact:
   Ralph Calmes – Commercial Director, Performance and Filtration Minerals Europe

   Contact Ralph here
   

    

    

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