BHP Sells Pinto Valley Mine, Arizona Railroad to Capstone for $650 Million

Reuters reported that BHP has sold their Pinto Valley copper mine and a railroad in Arizona to Capstone Mining Corp for $650 million as they try to streamline operations.

As quoted in the Reuters report:

The deal gives Vancouver-based Capstone its third producing mine. With forecast production of 130-150 million pounds of copper in concentrate and about 10 million pounds of copper cathode a year, the mine will more than double the company’s current output.

To view the whole Reuters report, click here.