Canadian co. agrees to buy Gila County mine - WSFA.com: News Weather and Sports for Montgomery, AL.

Canadian co. agrees to buy Gila County mine

Posted: Updated:
  • More newsMore>>

  • Boxer Rubin 'Hurricane' Carter dies at 76

    Boxer Rubin 'Hurricane' Carter dies at 76

    Sunday, April 20 2014 2:22 PM EDT2014-04-20 18:22:44 GMT
    Former midddleweight boxer Rubin Carter has died. (Source: Flickr) Former midddleweight boxer Rubin Carter has died. (Source: Flickr)
    Rubin "Hurricane" Carter, the boxer whose wrongful murder conviction became an international symbol of racial injustice, has died at 76.More >>
    By GREG BEACHAM AP Sports Writer Rubin "Hurricane" Carter, the boxer whose wrongful murder conviction became an international symbol of racial injustice, died Sunday. He was 76.More >>
  • Alabama State Trooper shot in Geneva Co.

    Alabama State Trooper shot in Geneva Co.

    Sunday, April 20 2014 2:21 PM EDT2014-04-20 18:21:13 GMT
    Alabama State Troopers are confirming to WSFA 12 News that one of their officers was shot Saturday afternoon in Geneva County. Details remain limited, but authorities say the officer is being treatedMore >>
    Alabama State Troopers are confirming to WSFA 12 News that one of their officers was shot Saturday afternoon in Geneva County.
    More >>
  • Ukraine, Russia trade blame for shootout in east

    Ukraine, Russia trade blame for shootout in east

    Sunday, April 20 2014 1:03 PM EDT2014-04-20 17:03:52 GMT
    The Ukrainian and Russian governments are reporting a shootout at a checkpoint set up by pro-Russian insurgents in eastern Ukraine that has left one person dead and others hospitalized with gunshot wounds.More >>
    Within hours of an Easter morning shootout at a checkpoint manned by pro-Russia insurgents in eastern Ukraine, Russia's Foreign Ministry issued a statement blaming militant Ukrainian nationalists and Russian state...More >>
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.

Powered by WorldNow