Category Archives: General

Hudbay executive says Rosemont mining plan is being revised

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Hudbay Minerals Inc. is preparing a revised mining plan for its proposed Rosemont open-pit copper project in the Santa Rita Mountains on the Coronado National Forest southeast of Tucson; a corporate executive recently disclosed to a mining news website. “We … Continue reading

Posted in Feasibility Study, General | 3 Comments

Hudbay’s debt, low copper prices puts Rosemont on back burner

Hudbay Minerals’ decision to delay construction of the $1.5 billion Rosemont copper project underscores the increasingly perilous financial outlook for the Toronto-based company that is mired in debt during a period of low copper prices that are expected to continue … Continue reading

Posted in General, Hudbay, Investors | 3 Comments

Tumbling copper prices expected to delay Hudbay’s Rosemont construction plans

Economic turmoil in China has pushed copper prices to a six-year low which is dragging down the share prices of major copper producers including Toronto-based Hudbay Minerals, which is seeking state and federal permits to construct the Rosemont Copper Mine … Continue reading

Posted in General, Hudbay, Investors | 3 Comments

Rosemont mine prospect costs jump 25%

The projected construction cost for Hudbay Mineral’s Rosemont copper prospect has jumped another $300 million to $1.5 billion, according to Hudbay CEO David Garofalo. The projected cost of the mile-wide, half-mile deep open pit copper mine planned for the Santa … Continue reading

Posted in Feasibility Study, General, Hudbay | 2 Comments

Hudbay CEO suggests Rosemont permitting is a certainty

Hudbay Mineral’s CEO David Garofalo says the Toronto-based, multinational mining company only makes significant investments in countries where the company is “certain” that all necessary permits will be issued. Hudbay’s investments include the highly controversial mile-wide, half-mile deep Rosemont open … Continue reading

Posted in Clean Water Act, General, Hudbay | 5 Comments