Sibanye-Stillwater, a multinational mining company registered in South Africa (JSE: SSW; NYSE: SBSW), recently announced that it has secured a €500 million green loan for its Keliber lithium project in Finland through its subsidiary, Keliber Technology Oy.

The green loan funds will be used to complete the development of the Keliber lithium project. Sibanye-Stillwater plans to build the Keliber lithium project into a comprehensive lithium production project, including lithium mining in Kaustinen, lithium ore processing in Kronoby, and lithium refining facilities in Kokkola.

The project is scheduled to commence production in 2025, with an annual capacity of 15,000 tons of lithium hydroxide. Initially, it will produce battery-grade lithium hydroxide using ore from third parties, and starting from 2026, it will use its own ore for production.