July 30, 2021
Sibanye-Stillwater progresses battery metals strategy with the exclusive put option to acquire Eramet’s Sandouville nickel processing facilities, located in Normandy, France
“We are delighted to progress with this second step in our battery metals strategy, which is an important step in getting further downstream exposure to the battery metals value chain. The Sandouville facility is ideally located close to the European end-user markets and well supported by significant logistical infrastructure, which will allow us to leverage our existing Platinum Group Metals relationships. We look forward to working with Eramet and the French authorities to build a leading battery metals platform in Europe.”
Neal Froneman, CEO of Sibanye-Stillwater
A rare opportunity in high-value material valorisation
- Long-standing tradition in high value-added metallurgy
- Strong track-record of operating in a safe and regulated environment
- Secured supply of nickel matte with a long-term partner
- Ideally positioned within a major European business hub
- Recently upgraded, multipurpose and extendable asset platform
- New and experienced management team committed and able to drive large-scale projects
