Keliber lithium hydroxide project, Finland – update

Lithium hydroxide ore from the Keliber project

Photo by Sibanye-Stillwater

19th May 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor


Font size: - +

Name of the Project
Keliber lithium hydroxide project.

Central Ostrobothnia, Finland.

Project Owner/s
Sibanye-Stillwater owns about 79% of the Keliber project while the Finnish State-owned Finnish Minerals Group owns 20%.

Project Description
The project will include the Kokkola refinery at the Kokkola Industrial Park (KIP).

The project comprises four initial opencast and three underground, highly mechanised mining operations – Syväjärvi and Rapasaari, with Emmes, Outovesi, and Länttä situated across the municipalities of Kaustinen, Kokkola and Kronoby respectively.

The mining operations will supply ore to the Päiväneva concentrator, which will be situated close to the Rapasaari mine. Concentrate produced at the Päiväneva concentrator is planned to be trucked about 66 km to the Kokkola refinery, which is forecast to produce about 15 000 t/y of battery-grade lithium hydroxide monohydrate.

Openpit and underground ore reserves of 12.7-million tonnes (0.92% lithium oxide), and mineral resources of 17-million tonnes (1.02% lithium oxide) support an estimated life-of-mine of 16 years at a forecast average milling rate of about 800 000 t/y.

Potential Job Creation
The project is expected to provide employment for more than 300 people over its current expected mine life. The project will also create new opportunities for local suppliers of goods and services.

Net Present Value/Internal Rate of Return
The updated definitive feasibility study (DFS) has estimated a pretax net present value, at an 8% discount rate, of €510-million, compared with the €295-million estimated in the 2018 DFS.

The pretax internal rate of return has also increased from 24% in the 2018 DFS to 28% in the 2019 updated DFS.

The payback period for the project has decreased from 5.5 years to 3.7 years.

Capital Expenditure
Sibanye-Stillwater approved capital expenditure (capex) of €588-million for the project in November 2022, of which the refinery’s capital cost is €359-million.

Planned Start/End Date
Keliber aims to start production at the chemical plant in 2024.

Latest Developments
Sibanye-Stillwater celebrated the ceremonial launch of its Keliber lithium project on May 11, 2023, with a foundation-stone-laying ceremony taking place at the KIP.

The earthworks for the Keliber lithium refinery, which is expected to supply the first integrated, regionally produced lithium into the European green energy ecosystem, started on March 7 and is progressing to plan.

About €231-million of the €588-million estimated total capital expenditure for the Keliber lithium project is planned for investment this year.

Following completion of the recent rights issue, the required funding for 2023 is in place, with the remaining project capital expected to be debt-financed.

Key Contracts, Suppliers and Consultants
Metso Outotec (sustainable soda pressure leaching technology).

Contact Details for Project Information
Keliber Oy, tel +358 10 567 0600 or email

Edited by Creamer Media Reporter


Latest News

MC Mining CEO Godfrey Gomwe
MC Mining revenue nearly doubles
22nd September 2023 By: Darren Parker


Sandvik Drills image
Sandvik Mining and Rock Solutions

For more than 150 years, Sandvik has remained committed to developing the most advanced engineering solutions. As a world-leading mining equipment...

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones, wear-resistant linings,...


Latest Multimedia

sponsored by

Photo of Martin Creamer
ARM, GoldOre, Gautrain make headlines
22nd September 2023
Magazine cover image
Magazine round up | 22 September 2023
22nd September 2023
Resources Watch image
Resources Watch
21st September 2023

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?







sq:0.067 0.118s - 93pq - 2rq
Subscribe Now