South African miner Sibanye-Stillwater said on Thursday it intends to exercise its pre-emptive right to increase its shareholding in Finnish mining and battery chemical firm Keliber to 50% plus one share.
The miner said it would also make a voluntary cash offer to Keliber’s minority shareholders, other than the state-owned Finnish Minerals Group, which could initially increase its shareholding in Keliber to over 80%.
