South-Africa headquartered company, Sibanye-Stillwater will buy France-based Eramet SA’s Sandouville nickel hydrometallurgical processing facility to strengthen its position in the battery metals market.
The deal is worth $77mn and is subject to several approvals. After the move, Sibanye-Stillwater would become a 100pc owner of the Sandouville nickel facility.
Sandouville is situated in France’s second-largest industrial port that enjoys proximity to extensive logistical infrastructure. The Sandouville unit includes a hydrometallurgical nickel refinery with an annual production capacity of 12,000mt high-purity nickel metal and 4,000mt of high-purity nickel salts and solutions and around 600mt of cobalt chloride.