In a potentially high-stakes bet on the global energy transition and surging demand for metals used in the making of electric vehicle (EV) batteries, Sibanye-Stillwater is in talks to buy two Brazilian mining companies.

Sibanye, which has grown rapidly from a small gold mining firm spun off from Gold Fields to one of the world’s biggest miners of platinum group metals, has been looking for new income streams, acknowledging an accelerating shift towards environmentally friendly business practices amid regulatory and investor pressure...

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