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Hudbay Minerals Inc T.HBM

Alternate Symbol(s):  HBM

Hudbay Minerals Inc. is a copper-focused mining company. The Company has operations and pipeline of copper growth projects in tier-one mining-friendly jurisdictions of Canada, Peru, and the United States. The Company’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Its growth pipeline includes the Copper World project in Arizona, the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations. The Company owns 75% of the Copper Mountain Mine, which is located south of Princeton, British Columbia. Copper Mountain Mine is a conventional open pit, truck, and shovel operation. The mine has approximately 45,000 tons per day plant that utilizes a conventional crushing, grinding and flotation circuit to produce copper concentrates with gold and silver credits.


TSX:HBM - Post by User

Post by llihevad1on May 06, 2023 8:12pm
563 Views
Post# 35434924

Challenge to Hudbay project dismissed

Challenge to Hudbay project dismissed

https://www.gvnews.com/news/challenge-to-hudbay-project-dismissed/article_bf393a2e-ebc8-11ed-92f1-2335734248f7.html

A Superior Court judge has dismissed a challenge to an amended plan by Hudbay Minerals for its Copper World operation in the Santa Rita Mountains.

In an April 28 opinion, Judge Joseph P. Mikitish said arguments by Farmers Investment Co. (FICO) and activist group Save the Scenic Santa Ritas that State Mine Inspector Paul D. Marsh failed to carry out his duties had “no basis.”

Mikitish, in his ruling, wrote that that FICO and SSSR’s sole complaint was that Marsh “failed to apply the law as they would like it to be applied.”

 

At issue were changes by Hudbay to its Mined Land Reclamation Plan for its Copper World project on the western side of the mountains. Hudbay filed the original plan in August 2021, and an amended plan in May 2022. The amended plan included four major changes, including six open pit mines instead of two, and 3,954 acres instead of 1,292.

 

Marsh ruled the changes were “not substantial,” and thus did not trigger a “notice and objection process.” FICO and SSSR disagreed with the decision, but the court shot down their arguments. Read the ruling at gvnews.com.

“The dismissal of this case is another step forward for Copper World and bringing a domestic supply of the copper we need to power a cleaner energy future,” Hudbay said in a statement after the ruling.

“The amended Mined Land Reclamation Plan (MLRP), approved by the Arizona Mine Inspector, lays out the reclamation approach for our updated footprint, and puts in place bonding for the costs of that reclamation,” it said. “The required bonding ensures that funds are available for reclamation regardless of Hudbay's financial resources at the time reclamation needs to begin. It is a critical piece of the development process for Copper World.”


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