FTSE 100 mining giant BHP Billiton has signed a definitive agreement to sell its Pinto Valley operation and the associated San Manuel Arizona Railroad Company (SMARRCO) to Capstone Mining Corp.
Under the $650m deal, Capstone will assume the business's environmental liabilities, and BHP Billiton employees working at Pinto Valley and SMARRCO will become employees of Capstone.
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