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BHP Billiton has completed the sale of its Pinto Valley mining operation (Pinto Valley) and the associated San Manuel Arizona Railroad Company (SMARRCO) to Capstone Mining Corp. (Capstone) for $650 million, subject to customary working capital adjustments.

About Pinto Valley and SMARRCO

Pinto Valley is an open-pit copper mining operation located east of Phoenix in the Globe-Miami district of Arizona. SMARRCO owns and operates a 47 km railway from San Manuel to Hayden, Arizona.  Prior to the completion of the sale, BHP Billiton had a 100% ownership interest in both Pinto Valley and SMARRCO.

Please see the News Release

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