October 27, 2021
British mining investor Appian Capital Advisory said Tuesday that it sold two businesses in Brazil – Atlantic Nickel and Mineração Vale Verde (MVV) – to South Africa's Sibanye-Stillwater for $1 billion in cash plus royalties from the Santa Rita nickel mine.
Appian acquired Atlantic Nickel out of bankruptcy for $68 million in 2018 and assumed ownership of one of the largest open pit nickel sulfide mines in the world with Santa Rita in Bahia. It also bought MVV for $40 million in 2018 and took ove
British mining investor sells Atlantic Nickel and MVV to South Africa's Sibanye