Make Kitco Your Homepage

Finland gov't grants Sibanye-backed Keliber $7.9 million for clean lithium production

Kitco News

Lithium-focused Keliber Oy was granted EUR 7 million (US$7.9 million) by Business Finland for clean lithium production, the company announced last week.

The funds are to be used for "...technology that significantly improves environmental protection in lithium hydroxide production and also enables the utilisation of a side stream from production."

Keliber said it plans to build a lithium chemical plant in Kokkola Industrial Park. The production process will be based on soda leaching technology.

"In comparison with an alternative production process, soda leaching saves energy and promotes the circular economy," said the company in a news release. "The production process will result in analcime sand as a side stream and it is planned to use this in the extension work at the Port of Kokkola. Some of Business Finland’s funding has been earmarked for the acquisition of equipment for handling the analcime sand."

Sibanye-Stillwater owns over a quarter of Keliber.

In September Keliber announced that its estimated proved and probable ore reserves at its Rapasaari deposit totalled 8.21 million tonnes, up 55% from the previous estimate, at an average lithium oxide (Li2O) grade of 0.89.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.