Sibanye Stillwater ( NYSE: SBSW ) said Monday it received a key environmental permit for its Keliber lithium mining and processing project in Finland, as the miner of gold and platinum group metals seeks to diversify into the mining and processing of battery minerals.
The Keliber refinery is "preparing for the construction phase to start within the following weeks," Sibanye ( SBSW ) CEO Neal Froneman said.
Sibanye ( SBSW ) said the environmental approval includes the right to start operations despite the existence of any appeals.
In November , Sibanye's ( SBSW ) board approved €588M ($634M) in spending to start construction of a lithium hydroxide refinery in Finland's Kokkola industrial park, from where the company plans to feed into the European battery sector.
Sibanye Stillwater ( SBSW ) also is partnering Australia's Ioneer to jointly develop the Rhyolite Ridge lithium project in the Nevada .
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Sibanye Stillwater wins key permit for Finland lithium project