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Market Chatter: Capstone Seeking Copper Mines as BHP, Rio Sell

"Capstone Mining Corp. (CS.TO), the owner of copper mines in Mexico and northern Canada, is considering about $500 million in acquisitions as the world's biggest producers sell assets amid a commodities rout," Bloomberg reported.

It reported: "Capstone has seen as many as eight mines that are up for sale in about the past six months and expects that there will be more, Chief Executive Officer Darren Pylot said. The company is mainly scouting for producing copper mines in the Americas to add about 100 million pounds of copper, he said. He declined to name the assets attracting Capstone's interest."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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