Hudbay and Mitsubishi authorize construction of Arizona’s Copper World mine
Hudbay Minerals ($HBM) and Mitsubishi have approved construction of the Copper World project in Arizona, moving the proposed mine beyond feasibility work into an authorized development phase. Hudbay owns 70% and Mitsubishi owns 30%. Initial growth capital is estimated at US$2.07 billion, or US$1.84 billion after a stream deposit, with first production targeted for the second half of 2029. The project study anticipates average annual copper production of approximately 102,000 tonnes over the firs
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