Category Archives: Investors

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

Hudbay scraps Rosemont copper reserves estimate

Hudbay Minerals has reclassified the amount of copper at its proposed Rosemont mine made by former owner Augusta Resource Corporation as “historical estimates” rather than as current mineral reserves. “A qualified person has not done sufficient work for us to … Continue reading

Posted in Feasibility Study, Hudbay, Investors | 2 Comments

Hudbay fails to disclose permit revocation in financial filings

Hudbay Minerals does not disclose in its most recent financial filings that an Arizona court on March 6 revoked the air pollution permit for its proposed $1.5 billion Rosemont copper project. Hudbay has not issued any press releases concerning the … Continue reading

Posted in Air Quality, Hudbay, Investors | 1 Comment

Hudbay plans additional Rosemont drilling as stock hits four-year low

Hudbay Minerals, Inc. announced Thursday it plans to spend an additional $10 million for exploratory drilling at its Rosemont copper prospect and another $60 million for permitting and engineering in 2015. The company provided no details on when and where … Continue reading

Posted in Hudbay, Investors | 2 Comments

Hudbay has no timeline for developing Rosemont

Rosemont Copper Company’s new owner Hudbay Minerals Inc. said Thursday it has no definitive timetable for developing its proposed massive open pit mine in the Santa Rita Mountains that still needs to obtain a key federal water permit and approval … Continue reading

Posted in Hudbay, Investors | 4 Comments