Overview
- The settlement resolves litigation stemming from the 2022 termination of Sibanye-Stillwater’s planned acquisition of stakes in Atlantic Nickel and Mineração Vale Verde.
- The agreement was reached before a scheduled quantum trial that would have determined damages.
- Sibanye-Stillwater CEO Richard Stewart said the resolution benefits stakeholders by ending legal costs and lifting a market overhang approaching four years.
- Appian founder and CEO Michael W. Scherb described the outcome as constructive and said it enables full attention on managing funds and portfolio growth.
- Recent transactions highlight Sibanye-Stillwater’s portfolio activity, including a signed deal to acquire Metallix Refining for $82 million and an agreed sale of the Beatrix 4 shaft to Neo Energy Metals for R500 million.