SBSW Jul 2023 12.500 put

Sibanye Stillwater plans $616 million of spending on Finland lithium project

The diversified South African miner took control of Finnish battery chemicals maker Keliber in October, when it raised its shareholding to 85% after acquiring a 30.29% stake in February. Sibanye said its board-approved capital expenditure programme would start with construction of a lithium hydroxide refinery within Finland's the Kokkola industrial park, a logistics hub from where the company plans to feed into the European battery sector.