Sibanye-Stillwater Nears $1 Billion Deal to Acquire Brazilian Mines

Sibanye-Stillwater Ltd. is in advanced talks to buy two Brazilian mining companies for about $1 billion including debt, a bet on continued demand for metals used in the production of electric-car batteries.

The South Africa-based miner confirmed the talks Monday, without disclosing the valuation under discussion, after The Wall Street Journal reported they were taking place.