Sibanye Stillwater获得5亿欧元债务融资以完成芬兰锂项目

Sibanye Stilllwater (NYSE:SBSW) said Thursday it secured an additional €500M (~$557M) debt financing to complete a new lithium mine in Finland, as it pushes into green metals despite a slump in lithium prices.

The miner said the loan financing, partly funded by the European Investment Bank, will help it bring the Keliber lithium project to production starting in 2026.

Sibanye (SBSW) will continue to advance the mine and processing plant because of the potential for recovery in lithium prices, a company spokesperson told Reuters.

The Keliber project, in which Finnish Minerals Group owns minority stake, is expected to produce ~15K metric tons/year of battery-grade lithium for at least 16 years.

Sibanye (SBSW) said the funding will improve its financial flexibility and liquidity, a day after the company refinanced a 6B rand revolving credit facility and concluded a prepay gold deal.