Sibanye-Stillwater faces $522m claim over cancelled Brazil mines deal

Sibanye Stillwater is facing a $522-million compensation claim from investment firm Appian Capital Advisory over the termination of a $1.2-billion deal to buy Appian's Brazilian nickel and copper mines, the South African miner said on Monday.

London's High Court last week ordered Sibanye to compensate Appian for the failed deal and said the damages would be determined at a hearing in November 2025.