19.9 C
Supported byspot_img

Sibanye-Stillwater celebrates the foundation stone laying of the Keliber lithium refinery in Finland

Member of Europium Groupspot_img
Supported byspot_img

Sibanye-Stillwater has announced that at a ceremony held at the Kokkola Industrial Park (KIP) in Finland, it laid the foundation stone of the Keliber lithium refinery. The earthworks for the Keliber lithium refinery commenced on 7 March 2023, with pleasing progress to date.

The laying of the foundation stone marks the ceremonial launch of the Keliber lithium project, which is expected to supply the first integrated, regionally produced lithium into the European green energy ecosystem. The competitive regional positioning of this project, with its strong ESG credentials, is set to deliver the greenest primary lithium into the growing European battery market.

Approximately €231million of the €588 million estimated total capital expenditure for the Keliber lithium project (excluding sustaining capital), is planned for investment during 2023. Following completion of the recent rights issue, the required funding for 2023 is in place, with the remaining project capital expected to be debt financed.

Supported by

Sibanye-Stillwater currently owns approximately 79% of the Keliber project while the Finnish Minerals Group (which manages the Finnish State’s mining industry shareholdings), owns 20%.

Neal Froneman, CEO of Sibanye-Stillwater said “It is a central part of Sibanye-Stillwater’s business ethos to create superior shared value for all our stakeholders. In addition to delivering critical green metals into the European ecosystem, the Keliber lithium project is expected to provide employment for over 300 people over its current expected life of 16 years. The project will also create new opportunities for local suppliers of goods and services, and is acknowledged as a significant contributor to the growth of the local economy in future.”


Source: Global Mining Review

Supported byElevatePR Digital

Related News

Unlocking renewable energy potential: The role of renewable hydrogen in storage and decarbonization

Renewable electricity can be effectively stored by converting it into renewable hydrogen or ammonia through the process of electrolysis. These fuels can be utilized...

Empowering renewable energy: Harnessing the potential of renewable hydrogen for storage and decarbonization

Batteries play a crucial role in providing short-term flexibility to the energy system, offering advantages such as geographical and sizing flexibility. Unlike some other...

Energy storage: Enabling clean alternatives and job creation in coal-dependent regions

Energy storage is particularly relevant to carbon-intensive and coal regions, as it provides a cleaner alternative to hard-to-abate industries and traditional fossil-fuel-powered thermal plants...

Transforming Europe’s energy grid: The essential role of energy storage in the renewable transition

As European countries strive to transform their energy systems, policymakers, regulators and energy sector planning agencies are increasingly faced with complex decisions about developing...
Supported by
Supported by
Supported by
error: Content is protected !!