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- Sibanye-Stillwater announced on Friday that it has approved the commencement of the second phase of its Keliber lithium project in Finland.
The company said that delivery of ore from the Syväjärvi open pit mine will be timed to coincide with the commissioning of the concentrator, adding that the environmental permit for phase two was received in December 2022, which enables the development to continue. “This increase is due to the revision of the effluent water treatment facility at the Keliber lithium refinery,” the company said. “We have incorporated amended technology into the flowsheet to ensure compliance with environmental permits, which will also result in increased recoveries.”
Importantly, the company said the equity funding for the project has already been secured and completed, while the finalization of the debt funding is in progress.
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