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Sibanye-Stillwater Nears $1 Billion Deal to Acquire Brazil Nickel and Copper Projects

·3 min read
Sibanye-Stillwater Nears $1 Billion Deal to Acquire Brazil Nickel and Copper Projects
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Sibanye-Stillwater is in advanced talks to buy two Brazilian mining companies for about $1 billion including debt, a bet on continued demand for metals used in the production of electric-car batteries. The South Africa-based miner confirmed the talks Monday, without disclosing the valuation under discussion, after The Wall Street Journal reported they were taking place. It would acquire Atlantic Nickel, which operates the Santa Rita mine, one of the world’s biggest open-pit nickel sulfide mines, and Mineracao Vale Verde, which is developing a copper-and-gold mine.