Sibanye-Stillwater to acquire a 55,81% stake in Keliber for $294m.

Sibanye-Stillwater, a multinational precious metals mining company, to acquire a 55,81% stake in Keliber, a mining company, for $294m. “I am happy to say that a financial arrangement has been negotiated in order to accomplish the lithium project. Keliber has discovered additional ore reserves, verified the functionality of its technology, and obtained the necessary building permits. Lithium is in high demand among our customers. With the financing arrangement in place, we still need certain outstanding environmental permits to guide our operations in order to start the full-scale construction work and after that production. Our project is part of the green transition, and it will create financial well-being in the region, for example in the form of tax revenues, jobs and local cooperation,” Hannu Hautala, Keliber CEO.