Sibanye faces $522 million compensation claim over cancelled Brazilian mines deal
JOHANNESBURG, Oct 14 (Reuters) -Sibanye Stillwater SSWJ.J faces $522 million compensation claim from investment firm Appian Capital Advisory over the termination of a $1.2 billion deal to buy Appian's Brazilian nickel and copper mines, the South African miner said on Monday.
"Appian currently claims damages of up to $522 million," Sibanye spokesperson James Wellsted told Reuters. "Sibanye's case is therefore that Appian is entitled to either no or significantly reduced damages."
A spokesperson for Appian declined to comment.
Reporting by Felix Njini; Editing by Olivia Kumwenda-Mtambo
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