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    market news

    BHP Reportedly Selling Pinto Valley Copper/Moly Mine

    Investing News Network
    Oct. 24, 2012 06:50AM PST
    Industrial Metals

    Mineweb reported that BHP is considering selling its’ Pinto Valley copper/moly mine in Arizona, contrary to earlier reports that they were preparing to restart the mine.

    Mineweb reported that BHP is considering selling its Pinto Valley copper/moly mine in Arizona, contrary to earlier reports that they were preparing to restart the mine.

    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.

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