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BHP BILLITON PLC - Sale of Pinto Valley

Release Date: 29/04/2013 07:05
Code(s): BIL     PDF:  
Wrap Text
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)

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