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Appian-Sibanye legal dispute shapes over Santa Rita termination

A legal dispute appears to be brewing over Sibanye-Stillwater’s decision to terminate a US$1 billion purchase of the Santa Rita nickel and Serrote copper mines in Brazil from private equity firm Appian Capital Advisory.

Appian-Sibanye legal dispute shapes over Santa Rita termination Appian-Sibanye legal dispute shapes over Santa Rita termination Appian-Sibanye legal dispute shapes over Santa Rita termination Appian-Sibanye legal dispute shapes over Santa Rita termination Appian-Sibanye legal dispute shapes over Santa Rita termination

Santa Rita in Brazil

Sibanye informed Appian of the termination after the latter reported a geotechnical event at Santa Rita which the former concluded would have a material adverse effect on the business.