UPDATE: Capstone Mining Gets FTC Green Light For Pinto, Shrs Down 2.7%

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Capstone Mining Corp. (CS.TO) shares fell 2.7% after it said the U.S. Federal Trade Commission has approved its proposed US$650 million acquisition of the Pinto Valley copper mining operation and San Manuel Arizona Railroad Company.

The Arizona-based assets will be acquired from BHP Copper Inc., a subsidiary of BHP Billiton Ltd. ( BHP ).

Capstone also said that the restart of the Pinto Valley Mine is progressing according to plan.

"The successful restart and FTC approval are two important steps towards closing of the transaction," Capstone President and CEO Darren Pylot said.

Tuesday morning, shares were trading at $2.17 in the 52-week range of $1.84 - $2.91.



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This article appears in: Investing , Commodities

Referenced Stocks: BHP

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