Sibanye-Stillwater Limited (SBSW) shares are experiencing an uptick today following a significant legal development. On November 29, 2024, the High Court of England and Wales ruled against Sibanye-Stillwater, finding that the company unlawfully terminated a $1.2 billion transaction with Appian Capital Advisory LLP. The court's decision holds Sibanye liable for damages, which Appian is seeking to recover, including interest accrued since the deal's termination in January 2022. This ruling sends a strong message to the mining sector about the importance of adhering to contractual obligations, potentially impacting investor sentiment positively.
The current price of Sibanye-Stillwater Limited (SBSW) is $4.10, reflecting a 1.99% increase from its previous close of $4.02.