BHP to sell US copper assets to Capstone for $650M

Apr 29, 2013 | 12:34 PM | Shivani Singh

Tags  BHP Billiton, copper, divestiture, Pinto Valley, San Manuel Arizona Railroad Company, Smarrco, Capstone Mining, Peter Beaven 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 company’s copper division, said April 29. "It is consistent with our strategy, and it takes the transaction....

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