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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Sibanye Stillwater Limited    SSW   ZAE000259701

SIBANYE STILLWATER LIMITED

(SSW)
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Sibanye Stillwater : Enters Into Partnership With Finland's Keliber

02/23/2021 | 03:49am EST

By Matteo Castia

Sibanye-Stillwater Ltd. said Tuesday that it has entered into a partnership with Finnish lithium company Keliber, which includes a 30-million-euro ($36.5 million) equity investment in Keliber.

The Johannesburg- and New York-listed mining company said it will own a 30% stake in Keliber following the transaction.

In addition, a further EUR10 million equity issuance will simultaneously be offered to existing Keliber shareholders, Sibanye-Stillwater said. The deal is expected to be implemented in March, it said.

"In addition to the initial investment, Sibanye-Stillwater has a guaranteed option to achieve a majority shareholding in Keliber, following the completion of the updated feasibility study, should it wish to do so, by contributing further equity financing for the development of the project," the company said.

Keliber holds several advanced lithium deposits in the Central Ostrobothnian region of Finland and its largest shareholder is the Finnish Minerals Group, which manages the state's mining industry shareholdings.

Write to Matteo Castia at matteo.castia@dowjones.com

(END) Dow Jones Newswires

02-23-21 0349ET

Stocks mentioned in the article
ChangeLast1st jan.
PLATINUM -0.48% 1258.203 Delayed Quote.16.83%
SIBANYE STILLWATER LIMITED 0.36% 67.53 End-of-day quote.12.55%
All news about SIBANYE STILLWATER LIMITED
02/24NORDIC MINING ASA : Private Placement of NOK 80 million successfully completed
AQ
02/24NORDIC MINING ASA : Contemplated Private Placement for participation in Keliber ..
AQ
02/23SIBANYE STILLWATER : Invests In Finnish Lithium Company
MT
02/23Sibanye-Stillwater to invest in European lithium company Keliber
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02/23SIBANYE STILLWATER : Enters Into Partnership With Finland's Keliber
DJ
02/23NORDIC MINING : Keliber secures EUR 40 million investment from leading internati..
AQ
02/23SIBANYE STILLWATER : secures entry into the battery metals sector through a part..
PU
02/18SIBANYE STILLWATER : Establishment of Board Investment Committee and Committee a..
AQ
02/18South Africa's Sibanye-Stillwater reports strong annual profit
RE
02/18SHORT FORM : Results for the six months and year ended 31 December 2020
PU
More news
Financials
Sales 2020 122 B 8 390 M 8 390 M
Net income 2020 29 121 M 2 007 M 2 007 M
Net cash 2020 2 112 M 146 M 146 M
P/E ratio 2020 7,05x
Yield 2020 5,24%
Capitalization 197 B 13 560 M 13 606 M
EV / Sales 2020 1,60x
EV / Sales 2021 1,05x
Nbr of Employees 80 000
Free-Float -
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 11
Average target price 80,18 ZAR
Last Close Price 67,53 ZAR
Spread / Highest target 62,9%
Spread / Average Target 18,7%
Spread / Lowest Target -26,0%
EPS Revisions
Managers and Directors
NameTitle
Neal John Froneman Chief Executive Officer & Executive Director
Charl Keyter Chief Financial Officer & Executive Director
Thabane Vincent Maphai Chairman
Robert van Niekerk Chief Technical Officer
Richard A. Stewart Chief Operating Officer
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