Subscribe & Follow
Advertise your job vacancies
Trending
- Vicinity Media: How we use DOOH in our retail solutionSharné Daniels, Chanté Naidoo & Olav Westphal
Appian seeks compensation from Sibanye-Stillwater for dropping Brazil mine deal
Investment firm Appian Capital Advisory has served South African miner Sibanye-Stillwater with a notice of claim seeking compensation for the latter's termination of a planned billion-dollar acquisition of two nickel mines in Brazil.
![Sibanye Gold's Masimthembe shaft in Westonaria, South Africa. Reuters/Mike Hutchings](https://biz-file.com/c/2203/647563.jpg)
Sibanye Gold's Masimthembe shaft in Westonaria, South Africa. Reuters/Mike Hutchings
Appian, a London-based investment company which advises two affiliated private equity funds which in turn own the Brazilian mines, said the transaction was worth more than $1.2bn and called Sibanye's failure to close on it "unlawful".
Sibanye-Stillwater declined to comment.
Source: Reuters
![](https://biz-file.com/b/2104/2217641.jpg?5)
Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
Go to: https://www.reuters.com/![](/res/img/s.gif)