BHP Putting Pinto Valley Copper/Moly Mine Up for Sale

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.

To view the whole Mineweb report, click here.