Capstone Seeking $500 Million in Copper Acquisitions

Bloomberg reported that Capstone is seeking copper assets and is considering some mines that BHP and Rio Tinto are putting up for sale.

As quoted in the market report:

Capstone has seen as many as eight mines that are up for sale in about the past six months and expects that there will be more, Chief Executive Officer Darren Pylot said. The company is mainly scouting for producing copper mines in the Americas to add about 100 million pounds of copper, he said. He declined to name the assets attracting Capstone’s interest.

To view the whole Bloomberg report, click here.