Sibanye-Stillwater has inked a $1bn deal to acquire two Brazilian mines, its fourth and largest investment to date in its push to build a portfolio of metals critical to electric vehicles.
Sibanye had issued a cautionary on Monday amid reports it would spend this amount to acquire the mines in Brazil, Santa Rita, one of the world’s largest open-pit nickel-cobalt sulphide mines and Serrote, which has just completed the construction of a copper-gold project...