Johannesburg – Sibanye-Stillwater has announced that on 4 February 2022 it completed the acquisition of the Sandouville nickel hydrometallurgical processing facility from Eramet SA following the successful fulfilment of the conditions precedent as set out in the Share Purchase Agreement (SPA) signed on 3 November 2021. The cash cost payable on closing is approximately €85 million.
Sibanye-Stillwater continues to evaluate the options for the Sandouville site in parallel with existing operations to target specific nickel battery metal products and unlock the full potential of these facilities. A detailed investment and development plan will be provided in due course.
Eramet’s Sandouville nickel processing facilities are 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,” said Neal Froneman, CEO of Sibanye-Stillwater.