BHP to sell US copper assets to Capstone for $650M
Apr 29, 2013 | 12:34 PM
| Shivani Singh
SINGAPORE BHP Billiton Plc is selling its Pinto Valley copper mine and associated San Manuel Arizona Railroad Co. (Smarrco) to Vancouver, British Columbia-based Capstone Mining Corp. as part of its disinvestment initiative.
"The sale of Pinto Valley is an excellent outcome for BHP Billiton shareholders," Peter Beaven, president of the companys copper division, said April 29. "It is consistent with our strategy, and it takes the transaction....
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