Thursday, May 02, 2013
Pinto Valley copper mine sold for much more than expected
BHP Billiton sold its Pinto Valley copper mine and associated rail line for $650 million, which is a lot more money than analysts expected. According to Reuters news service, "Deutsche Bank had estimated the mine could sell for around $274 million, while UBS estimated it was worth $500 million."
at 2:27 PM