Funding and M&A Roundup: Sibanye Stillwater Secures $559 Million Green Financing
Renewable energy platform Continuum secures $150 million in equity funding
August 28, 2024
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Sibanye-Stillwater, a mining company, secured €500 (~$559) million in green financing for its Keliber lithium project in Finland through its subsidiary Keliber Technology Oy. The green loan comprises a bank-financed €250 (~$278) million Export Credit Agency (ECA) guaranteed tranche, a €150 (~$167) million by the European Investment Bank (EIB), and a €100 (~$111) million syndicated commercial bank tranche. The Keliber lithium mining and battery chemical project is expected to produce up to 15,000 tons of battery-grade lithium hydroxide per annum.
