According to press reports, the Canadian miner seeking permits to build the proposed Copper World/Rosemont mine complex in the northern half of the Santa Rita Mountains southeast of Tucson has put itself up for sale.
In a July 7 interview with Reuters, Toronto-based Hudbay Minerals Inc. Chief Executive Officer Peter Kukielski said the company is willing to receive offers. Kukielski also said the company was open to merging with other miners to create one mega copper company.
“I would certainly like to put them together,” he told Reuters.
In a potentially significant development in the timeline to develop the Copper World/Rosemont complex, the Reuters article also states that Hudbay’s “aim is to triple its copper production by the end of the decade, which it is planning to achieve through mergers or acquisitions and not by organic growth.” (Emphasis added.)
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