FTC approves Capstone’s purchase of BHP Pinto Valley and SMARRCO

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The Federal Trade Commission (FTC) has approved the sale of BHP Billiton’s Pinto Valley copper mine in Arizona to Capstone Mining Corp. The transaction was approved by the FTC under the Hart-Scott-Rodino Anti-trust Improvements Act.

Capstone entered into the purchase agreement with BHP’s copper division on April 28 to purchase the Pinto Valley operations and the associated San Manuel Railroad Co. The Vancouver, British Columbia-based Capstone will purchase the BHP properties for $650 million.

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