Mine / resource · Finland

Keliber

RampingVerified 24 Oct 2026As of 25 Oct 2026
Owner
Keliber Oy: Sibanye-Stillwater 79.82%, Finnish Minerals Group 20%, Finnish minorities 0.18%
Listed via
SBSW
Product
Spodumene
Deposit type
Spodumene
Capacity
2026 guidance 15–20 kt spodumene concentrate; LiOH refinery start-up staged to market conditions
≈ 13 kt LCE/yr (nameplate)
Location
63.80°, 23.10°
Source
Filing used for verification

H1 2026: 217.5 kt ore mined, 185.5 kt stockpiled; concentrator hot commissioning since Apr 2026; LiOH refinery start-up staged behind stable concentrate and lithium-market conditions.

Ownership structure

Effective economic interest of listed owners · As of 24 Oct 2026
Sibanye-StillwaterSBSW79.82%Other / unlisted20.18%KeliberMine / resource

Attributable capacity

Listed ownerStakekt SC/yrkt LCE/yr
Sibanye-Stillwater SBSW79.82%≈78≈10

Capacity × effective stake. kt SC ≈ kt LCE × 7.5 (grade-based, 90% recovery).

Structure: Keliber Oy: Sibanye-Stillwater 79.82%, Finnish Minerals Group 20%, Finnish minorities 0.18%. 20.18% is held by unlisted or untracked owners.

Value chain

Owners, buyers and the refineries on Li3atlas they feed · As of 24 Oct 2026
Listed ownersSibanye-StillwaterSBSW · 79.82%
Mine / resourceKeliber2026 guidance 15–20 kt spodumene concentrate; LiOH refinery start-up staged to market conditions

Resource and mine life

As of 25 Oct 2026
Resource
0.471 Mt LCE
Reserve
0.248 Mt LCE
Grade
1.2% Li2O (attrib. resource 15.8 Mt); 1% Li2O (attrib. reserve 10.3 Mt)
Mine life
18 years
As of
31 Dec 2024

Milestones

As of 24 Oct 2026

Upcoming (1)

  • H2 2026Stable spodumene concentrate production targetFirst production · source

Completed (2)

  • Apr 2026Concentrator hot commissioning startedRestart · source
  • Feb 2026Syväjärvi mining commencedFirst production · source

Country risk · Finland

Policy risk: Low As of 24 Oct 2026

Change history

Approved changes with their source · As of 25 Oct 2026
DateFieldChangeSource
25 Oct 2026Resource / reservenew: resource 0.471 Mt LCE · reserve 0.248 Mt LCE · 1.2% Li2O (attrib. resource 15.8 Mt); 1% Li2O (attrib. reserve 10.3 Mt) · as of 2024-12-31Sibanye-Stillwater Keliber lithium project (company IR page)
25 Oct 2026production_plannew: 2026: 17.5 kt SC · 2026 annual guidance 15–20 kt SC; midpoint 17.5 kt (Form 6-K as at 1 Sep 2026) (as of 2026-09-01)Sibanye-Stillwater Operating and financial results, six months ended 30 June 2026 (Form 6-K)
24 Oct 2026Milestonenew: H2 2026 · Stable spodumene concentrate production target First production ExpectedSibanye-Stillwater Operating and financial results, six months ended 30 June 2026 (Form 6-K)
24 Oct 2026Stakenew: SBSW: 79.82%Sibanye-Stillwater Keliber lithium project (company IR page)
24 Oct 2026OwnerSibanye-Stillwater → Keliber Oy: Sibanye-Stillwater 79.82%, Finnish Minerals Group 20%, Finnish minorities 0.18%Sibanye-Stillwater Keliber lithium project (company IR page)
24 Oct 2026NotesConcentrator in hot commissioning since Apr 2026, targeting stable concentrate production in H2 2026; refinery start-up comes after. → H1 2026: 217.5 kt ore mined, 185.5 kt stockpiled; concentrator hot commissioning since Apr 2026; LiOH refinery start-up staged behind stable concentrate and lithium-market conditions.Sibanye-Stillwater Operating and financial results, six months ended 30 June 2026 (Form 6-K)
24 Oct 2026Mine lifenew: 18Sibanye-Stillwater Keliber lithium project (company IR page)
24 Oct 2026Milestonenew: Feb 2026 · Syväjärvi mining commenced First production CompletedSibanye-Stillwater Operating and financial results, six months ended 30 June 2026 (Form 6-K)

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