Miner Sibanye-Stillwater has acquired Brazilian companies Atlantic Nickel and Minera????o Vale Verde (MVV) from Appian Capital Advisory LLP for $1 billion and an additional royalty, the companies have said.
The deal will give Sibanye-Stillwater 100% ownership of both the Santa Rita nickel mine operated by Atlantic Copper, and the Serrote copper mine operated by MVV."The transaction is a significant additional step in Sibanye-Stillwater's continuing strategy to position the business for continued value creation during our transition into a climate change-resilient business," Sibanye-Stillwater chief executive officer Neal Froneman said, "and...