Sibanye-Stillwater, Appian reach settlement agreement to resolve four-year dispute

Sibanye-Stillwater and Appian Finalize Settlement, Ending Protracted Legal Dispute

Sibanye-Stillwater and Appian Capital Advisory have agreed to a $215 million settlement, effectively closing a legal process that began in January 2022 related to Sibanye-Stillwater’s canceled acquisition of Atlantic Nickel and Mineração Vale Verde. The settlement preempts further litigation and eliminates associated costs, allowing both companies to refocus on core operations and strategic initiatives.

This development removes a longstanding market uncertainty for Sibanye-Stillwater and clarifies its financial obligations. The resolution also supports ongoing project development and investment decisions, particularly as Sibanye-Stillwater continues to expand its global mining and metals processing portfolio.

• Total settlement payment: $215 million
• Legal dispute began in January 2022, resolved ahead of trial
• Companies: Sibanye-Stillwater (global mining group), Appian Capital Advisory (private equity, mining investments)