Canadian co. agrees to buy Gila County mine - KTRE.com | Lufkin and Nacogdoches, Texas

Canadian co. agrees to buy Gila County mine

PHOENIX (AP) -

A Canadian mining company says it has agreed to buy an Arizona copper mine and its related railroad for $650 million.

Vancouver-based Capstone Mining Corp. is expected to complete the buy of BHP Billiton's Pinto Valley Mine in the second half of this year, as it looks to expand into a mid-size copper producer.

Capstone CEO Darren Pylot said in a press released that the mine will give the company its third producing mine.

Unloading the mine means BHP has sold off $5 billion in assets over the past year.

The deal is subject to regulatory approval.

Copyright 2013 Associated Press. All rights reserved.

  • East Texas NewsMore>>

  • Angelina County leaders preparing for the 'Big One'

    Angelina County leaders preparing for the 'Big One'

    Monday, March 27 2017 7:33 PM EDT2017-03-27 23:33:05 GMT

    While storms popping up in the Atlantic are the last things on the minds of those that live in East Texas, it is priority number one for the Angelina County Office of Emergency Management as the calendar creeps closer to the start of hurricane season.

    More >>

    While storms popping up in the Atlantic are the last things on the minds of those that live in East Texas, it is priority number one for the Angelina County Office of Emergency Management as the calendar creeps closer to the start of hurricane season.

    More >>
  • NISD names Interim Superintendent Sandra Dowdy lone superintendent finalist

    NISD names Interim Superintendent Sandra Dowdy lone superintendent finalist

    NISD names Interim Superintendent Sandra Dowdy lone superintendent finalist

    Monday, March 27 2017 9:33 PM EDT2017-03-28 01:33:54 GMT
    Source: NISDSource: NISD

    During a Monday night special meeting, Nacogdoches Independent School District named Sandra Dowdy the lone finalist for the superintendent position. Dowdy has served as interim for the last several months. Per a press release from NISD, Dowdy was selected from a field of 45 applicants. A state mandated 21-day period must pass between the board naming her as the lone finalist and formally naming her as the next superintendent of Nacogdoches schools. It also states the selection happ...

    More >>

    During a Monday night special meeting, Nacogdoches Independent School District named Sandra Dowdy the lone finalist for the superintendent position. Dowdy has served as interim for the last several months. Per a press release from NISD, Dowdy was selected from a field of 45 applicants. A state mandated 21-day period must pass between the board naming her as the lone finalist and formally naming her as the next superintendent of Nacogdoches schools. It also states the selection happ...

    More >>
  • Sabine County residents begin storm recovery efforts

    Sabine County residents begin storm recovery efforts

    Monday, March 27 2017 7:11 PM EDT2017-03-27 23:11:55 GMT

    Residents near the Texas-Louisiana border are beginning their own storm recovery efforts on Monday after they fell on their property from this weekend’s storms.  

    More >>

    Residents near the Texas-Louisiana border are beginning their own storm recovery efforts on Monday after they fell on their property from this weekend’s storms.  

    More >>
Powered by Frankly