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BHP Putting Pinto Valley Copper/Moly Mine Up for Sale
Oct. 24, 2012 06:55AM PST
Base Metals Investing Mineweb reported that BHP, contrary to earlier plans to restart the Pinto Valley Copper/Moly mine in Arizona, is considering selling the mine in an effort to streamline business operations.
Mineweb reported that BHP, contrary to earlier plans to restart the Pinto Valley Copper/Moly mine in Arizona, is considering selling the mine in an effort to streamline business operations.
As quoted in the market report:
BHP CEO Marius Kloppers said last week that the mining industry would have to refocus on controlling costs and improving productivity. The company has been considering selling smaller and lower-priority assets and has appointed consultants on a sale of Brazilian aluminum assets, and an early-stage iron ore project in Guinea. The company has also pondered selling its diamond mining business.
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