|
BIL 201304290001A
Sale of Pinto Valley
BHP Billiton
NEWS RELEASE
Release Time IMMEDIATE
Date 29 April 2013
Number 11/13
SALE OF PINTO VALLEY
BHP Billiton has signed a definitive agreement to sell its Pinto Valley mining operation (Pinto
Valley) and the associated San Manuel Arizona Railroad Company (SMARRCO) to
Capstone Mining Corp. (Capstone) for an aggregate cash consideration of US$650 million.
The transaction is subject to regulatory approval, and other customary conditions, and is
expected to be completed in the second half of the 2013 calendar year.
Under the terms of the agreement, Capstone will assume the business’s environmental
liabilities. BHP Billiton employees working at Pinto Valley and SMARRCO will become
employees of Capstone as part of the transaction.
BHP Billiton President Copper, Peter Beaven, said: “The sale of Pinto Valley is an excellent
outcome for BHP Billiton shareholders. It is consistent with our strategy and it takes the
transaction value of divestments announced over the last 12 months to US$5.0 billion. We
are pleased to have reached agreement with Capstone, particularly given their commitment
to maintain our environmental and safety standards."
Further information on BHP Billiton can be found at: www.bhpbilliton.com.
About Pinto Valley and SMARRCO
BHP Billiton currently has a 100% ownership interest in both 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.
Media Relations Investor Relations
Australia Australia
Gabrielle Notley James Agar
Tel: +61 3 9609 3830 Mobile: +61 477 325 803 Tel: +61 3 9609 2222 Mobile: +61 467 807 064
email: Gabrielle.Notley@bhpbilliton.com email: James.Agar@bhpbilliton.com
Fiona Hadley Andrew Gunn
Tel: +61 3 9609 2211 Mobile: +61 427 777 908 Tel: +61 3 9609 3575 Mobile: +61 402 087 354
email: Fiona.Hadley@bhpbilliton.com email: Andrew.Gunn@bhpbilliton.com
Eleanor Nichols United Kingdom and South Africa
Tel: +61 3 9609 2360 Mobile: +61 407 064 748
email: Eleanor.Nichols@bhpbilliton.com Tara Dines
Tel : +44 20 7802 7113 Mobile : +44 7825 342 232
United Kingdom Email : Tara.Dines@bhpbilliton.com
Ruban Yogarajah Americas
Tel: +44 20 7802 4033 Mobile: +44 7827 082 022
email: Ruban.Yogarajah@bhpbilliton.com Brendan Harris
Tel: +44 20 7802 4131 Mobile: +44 7990 527 726
Jennifer White email: Brendan.Harris@bhpbilliton.com
Tel: +44 20 7802 7462 Mobile: +44 7827 253 764
email: Jennifer.White@bhpbilliton.com Matt Chism
Tel: +1 71 359 96158 Mobile: +1 281 782 2238
email: Matt.E.Chism@bhpbilliton.com
Americas
Jaryl Strong
Tel: +1 713 499 5548 Mobile: +1 281 222 6627
email: Jaryl.Strong@bhpbilliton.com
BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209
Registered in Australia Registered in England and Wales
Registered Office: 180 Lonsdale Street Registered Office: Neathouse Place
Melbourne Victoria 3000 Australia London SW1V 1BH United Kingdom
Tel +61 1300 55 4757 Fax +61 3 9609 3015 Tel +44 20 7802 4000 Fax +44 20 7802 4111
Members of the BHP Billiton Group which is headquartered in Australia
Sponsor: Absa Capital (the investment banking division of Absa Bank Limited, affiliated with
Barclays)
Date: 29/04/2013 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS. |
|
