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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.
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.
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