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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 -0.58% 1115.768 Delayed Quote.12.17%
SIBANYE STILLWATER LIMITED -0.83% 73.65 End-of-day quote.22.75%
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Financials
Sales 2020 122 B 7 963 M 7 963 M
Net income 2020 29 121 M 1 905 M 1 905 M
Net cash 2020 2 112 M 138 M 138 M
P/E ratio 2020 7,68x
Yield 2020 4,81%
Capitalization 215 B 14 282 M 14 085 M
EV / Sales 2020 1,75x
EV / Sales 2021 1,03x
Nbr of Employees 80 000
Free-Float -
Chart SIBANYE STILLWATER LIMITED
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Sibanye Stillwater Limited Technical Analysis Chart | SSW | ZAE000259701 | MarketScreener
Technical analysis trends SIBANYE STILLWATER LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Average target price 82,09 ZAR
Last Close Price 73,65 ZAR
Spread / Highest target 49,4%
Spread / Average Target 11,5%
Spread / Lowest Target -32,1%
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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