Category Archives: General

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

Police raid Rosemont contractor over Mount Polley dam failure

Search warrants have been served on two engineering companies linked to the Mount Polley tailings dam collapse including AMEC Foster Wheeler, the lead designer of the proposed Rosemont copper mine’s massive dry stack tailings dump. AMEC said Thursday its Prince … Continue reading

Posted in Catastrophic Failure, General | 4 Comments

Canadian police raid company that owns failed tailings dam designed by Rosemont contractors

Canadian police on Tuesday raided the offices of Imperial Metals to gather information in connection with the Mount Polley tailings dam collapse, four days after a government-sponsored report concluded a design problem was the root cause of the dam failure. … Continue reading

Posted in Catastrophic Failure, General | 3 Comments