- Sibanye Stillwater said it would construct the €588M ($616.2M) Keliber lithium project in Finland.
- The first phase of the Keliber project will be The €359M construction of the Kokkola lithium hydroxide refinery.
On Monday, Sibanye Stillwater said it would construct the €588M ($616.2M) Keliber lithium project in Finland as it seeks to take hold in the European battery metals market. The first phase of the Keliber project will be The €359M construction of the Kokkola lithium hydroxide refinery. Also, Sibanye moved last month to increase its interest to 85% from the ~30% stake it acquired in February.
Sibanye said the development of the Syvajarvi open pit mine, the Rapasaari mine, and the Paivaneva concentrator would follow the construction of the Kokkola refinery. The concentrate produced at the concentrator plant will be trucked 66 km to the Kokkola refinery, with the refinery poised to produce ~15K tons/year of battery-grade lithium hydroxide monohydrate.
Sibanye said the Keliber project currently has an open pit and underground ore reserves of 12.7M metric tons grading 0.92% lithium hydroxide, with significant exploration potential remaining.