Hudbay's Rosemont mine gets the green light
Hudbay hurdles final obstacle to initiate their mine plan operation at the Rosemont Copper Mine south of Tucson, Arizona.
From Hudbay News Release of 21 Mar. 2019, “Receiving the MPO is an important milestone that completes the permitting process at Rosemont,” said Alan Hair, Hudbay’s president and chief executive officer. “With the receipt of the Section 404 Water Permit, an agreement to consolidate 100% ownership and receipt of the approved MPO, Hudbay continues to move the project forward. Rosemont is now a fully permitted, shovel-ready copper project and we look forward to developing this world-class asset.”
Rosemont, located in Arizona, is one of the world’s best undeveloped copper projects delivering a 15.5% after-tax unlevered IRR at a copper price of $3.00 per pound based on the 2017 Feasibility Study published by Hudbay. Rosemont is expected to produce approximately 127,000 tonnes of copper annually at a cash cost of $1.14 per pound (net of by-product credits) over the first 10 years of operations."
Posted 22 Mar. 2019