Appian seeks compensation from Sibanye-Stillwater for dropping Brazil mine deal

Sibanye Gold's Masimthembe shaft in Westonaria, South Africa. Reuters/Mike Hutchings

Appian, a London-based investment company which advises two affiliated private equity funds which in turn own the Brazilian mines, said the transaction was worth more than $1.2bn and called Sibanye's failure to close on it "unlawful".

Sibanye-Stillwater declined to comment.