South African miner Sibanye-Stillwater ( JSE: SSW) (NYSE: SBSW) has raised the projected cost of its Keliber lithium job in Finland by 17% to EUR783 million ($ 880 million), pointing out governing modifications, broadened job range and dropping lithium costs.
The firm, which holds a 79.8% risk in Keliber, claimed the changed number covers growth with to warm appointing of the refinery. Capital investment on the job had actually gotten to EUR508 million ($ 572m) by the end of March 2025, and the 2025 budget plan has actually been raised to EUR300 million ($ 338m) from a previous forecast of EUR215 million ($ 242m).
Sibanye, which additionally mines gold and platinum team steels in South Africa and the USA, is getting along with its diversity right into battery steels. The firm secured €500 million ($563m) in debt financing in 2015– partially from the European Financial Investment Financial institution– to sustain the Keliber buildout.
Building and construction is “well progressed,” according to Sibanye, with the lithium refinery in the Kokkola Industrial Park on course to start appointing in the initial quarter of 2026. As soon as functional, Keliber is anticipated to generate 15,000 tonnes of battery-grade lithium hydroxide every year over a 16-year mine life.
The job consists of several mining locations, a concentrator at Päiväneva (Keliber concentrator), the Kokkola refinery, and sustaining framework throughout all places.
Sibanye’s pivot to lithium has actually dealt with problems. In February, the firm withdrew from the Rhyolite Ridge lithium-boron project in Nevada, United States, pointing out reduced lithium costs.
The job had actually been advertised as essential to to reinforce American residential materials of essential minerals and lower dependence on China. It is anticipated to generate 22,000 tonnes of lithium carbonate a year, sufficient to power approximately 370,000 electrical automobiles every year.
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发布者：Dr.Durant，转转请注明出处：https://robotalks.cn/cost-of-sibanye-lithium-project-in-finland-raises-17-to-880m/
