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London-based private equity firm Appian Capital Advisory is seeking US$1.2 billion from South Africa’s Sibanye-Stillwater following the latter’s termination of the acquisition of nickel and copper mines in Brazil.
The Serrote copper operation in Brazil
Sibanye had agreed to buy the Santa Rita nickel and Serrote copper mines in Brazil but terminated the transaction in late January after Appian informed it of a geotechnical event at Santa Rita.
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