Sibanye Stillwater sees $522M claim in canceled deal for Brazil mines

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Sibanye Stillwater (NYSE:SBSW) said Monday it faces a $522M compensation claim from Appian Capital Advisory over the termination of a $1.2B deal to buy the investment firm's Brazilian nickel and ...

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London's High Court said last week that Sibanye  must compensate Appian for the failed deal, with damages to be determined at a hearing in November 2025. Sibanye  told Reuters the claims received comprise the difference between the purchase price under the purchase agreement and the market value of the shares in the mines, the costs and expenses associated with the resale process and management of the mines and pre-judgment interest. 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