Loading ...Sibanye-Stillwater (JSE: SSW) (NYSE: SBSW) has walked away from a $1-billion deal to acquire the Santa Rita nickel and Serrote copper mines in Brazil, which would have boosted its growing battery metals portfolio.
The South African miner said the decision followed a “geotechnical event” at Santa Rita, one of the world’s largest nickel-cobalt sulphide open pit mine, which the company thought it to be “material and adverse to the business”.
Sibanye-Stillwater ditches $1bn Brazil copper and nickel deal