, BHP gets rid of Pinto Valley for $650m
BHP Billiton informed that it finally got rid of the Pinto Valley copper mine and a railroad in Arizona. The lucky buyer of these assets is Canada’s Capstone Mining Corp. which is to pay as much as $650 million to the global mining giant. The sale price for these assets is substantially higher than analysts’ estimates ranging from $200 million to $300 million. Interestingly, everything indicates that the BHP Billiton’s divestment operation is speeding up.
