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Recent Posts
- University of Arizona is advancing Copper World by quietly approving utility corridors across world-class research site
- After making a secret right-of-way deal, the State Land Department is poised to auction land for Copper World’s waste dumps
- Hudbay will initially export all copper produced at its proposed Copper World mine
- Hudbay wavers in its commitment that Rosemont/Copper World will produce copper for U.S. markets
- Canadian company planning Copper World/Rosemont mine complex is seeking buyer or merger partners
- USGS rejects request by six U.S. senators to add copper to Critical Minerals List
- Hudbay sets benchmarks to build Copper World/Rosemont mine complex
- Copper World’s high production of sulfuric acid poses serious pollution and water depletion threat to Santa Cruz River Valley
- Hudbay says it is developing plans to build at least three open-pit copper mines on west side of Santa Rita Mountains
- Hudbay tells investors and analysts that it owns enough land to mine the western side of the Santa Rita Mountains
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Category Archives: Investors
As expected, the Coronado National Forest issues draft Record of Decision for Augusta Resource’s proposed Rosemont mine
As expected, the Coronado National Forest has issued a draft Record of Decision approving Augusta Resource Corporation’s controversial Rosemont copper project. Vancouver, B.C.-based Augusta announced the Forest Service’s action late Thursday in a press release. While the decision is an … Continue reading
Posted in EIS, General, Investors, Mining Law
1 Comment
Red Kite signs preliminary agreement to extend an additional $26 million to Augusta — with contingencies
Red Kite Mine Finance Trust is requiring Augusta Resource Corporation to achieve key regulatory milestones for its proposed Rosemont copper project before it loans Augusta up to $26 million in additional funds. Augusta already has spent $83 million in previous … Continue reading
Posted in Investors
2 Comments
Augusta Resource’s cash reserves plummet to less than $1 million with $83 million loan repayment looming next July
Augusta Resource Corporation’s cash reserves fell to $749,000 at the end of September, forcing the parent company of Rosemont Copper Company to sell $10 million in bonds to its chairman and a major shareholder to provide working capital to the … Continue reading
Posted in Investors
4 Comments
Canada’s junior miners are in “survival mode”: Vancouver Sun
The Vancouver Sun, British Columbia’s most influential daily newspaper, is reporting Canada’s junior mining sector is in “survival mode” as falling metals prices, rising production costs and a lack of financing is threatening the future of many of the province’s … Continue reading
Augusta Resource shareholders ratify poison pill plan as HudBay Minerals eyes juniors for possible purchase in 2014
Augusta Resource Corporation Thursday ratified a “poison pill” plan in the event of an unsolicited take over offer for control of the Vancouver, B.C-based junior mining company whose principle project is the proposed Rosemont copper mine in the Santa Rita … Continue reading
Posted in Investors
2 Comments