Save the Scenic Santa Ritas

Fighting to protect the Santa Rita and Patagonia Mountains from the devastating impacts of mining.

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Share Price Watch: Hudbay Minerals (HBM) down 20% or more over past month, loses more than 8% today on both exchanges

June 22, 2022 By Stu Williams Leave a Comment

Hudbay Minerals, which is seeking to develop the Copper World Complex here in Southern Arizona’s Santa Rita Mountains, saw its share price plunge more than 8% today on the Toronto and New York Stock Exchanges, according to public market data. Shares closed at C$5.77 in Toronto, down 8.4%. Shares closed at US$4.44 in New York, down 8.8%.

Hudbay’s share price is down 20% and 24% in Toronto and New York, respectively, over the past month. The mining company released its preliminary economic assessment for its Copper World Complex on June 8.

Filed Under: News, Rosemont, Rosemont in the News, SSSR News

Share Price Watch: Hudbay Minerals (HBM; TSE, NYSE)

June 15, 2022 By Stu Williams Leave a Comment

Hudbay Minerals, Inc. released its preliminary economic assessment (PEA) a week ago to investors. The plan calls for $1.9 billion of capital expenditures to develop its Copper World Complex project in the Santa Ritas. Over the past five days of trading, since the release of the plan, Hudbay’s share price on the Toronto and New York Stock Exchanges has dropped 13% and 17%, respectively, according to public market data. (June 15, 2022)

Filed Under: News, Rosemont in the News, SSSR News

Feds warn Colorado River water could be cut as drought worsens (Jennifer Shutt, Arizona Mirror)

June 15, 2022 By Stu Williams Leave a Comment

Federal agency warns Colorado River Basin water usage could be cut as drought worsens

Filed Under: News, Rosemont in the News, SSSR News, Water

Big Colorado River water cuts needed next year, top US official warns (Tony Davis, Arizona Daily Star)

June 15, 2022 By Stu Williams Leave a Comment

https://tucson.com/news/local/big-colorado-river-water-cuts-needed-next-year-top-us-official-warns/article_90566a38-ec37-11ec-bc3d-63579bae83c6.html#tracking-source=home-top-story

Bureau of Reclamation Commissioner argues at Senate committee that major cuts in deliveries are needed in 2023 to all seven basin states, including Arizona, to maintain system reliability. Sen. Mark Kelly testifies that Arizona could face dramatic reductions in CAP deliveries under current regime unless states agree to sharing those argued-for cutbacks. (Note: Access to this article may require a subscription to The Arizona Daily Star.)

Filed Under: News, Rosemont in the News, SSSR News, Water

Hudbay vastly overhauls mining plans for Santa Ritas near Tucson (Tony Davis, Arizona Daily Star)

June 11, 2022 By Stu Williams Leave a Comment

https://tucson.com/news/local/subscriber/hudbay-vastly-overhauls-mining-plans-for-santa-ritas-near-tucson/article_7fedd682-e83a-11ec-b704-f7bbcffaaadc.html#tracking-source=home-top-story

(NOTE: Access to this article may require a subscription to The Arizona Daily Star.)

In its preliminary economic assessment, Hudbay rebrands Copper World/Rosemont, dropping “Rosemont” name from the eastern side of the Santa Ritas. Company now says it intends to produce cathodes onsite, to extend mine life to 44 years, and to begin construction as early as 2027. Its share price drops 10 percent over the first two days of release of the report.

Filed Under: News, Rosemont in the News, SSSR News

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Recent Posts

  • Ce:wi Duag – Ancestral Land: A Tohono O’odham Acknowledgment Run (video produced by Leslie Epperson) July 5, 2022
  • Rosemont Mine Rollercoaster: Trump-era rules were overturned, so Hudbay radically overhauled its mining plan (David Abbott, Arizona Mirror) July 2, 2022
  • Havasupai Tribe: Pinyon Plain uranium mine threatens our existence (AZ Mirror, Shondiin Silversmith) June 29, 2022
  • Copper world mine (Elaine Wolter, The Arizona Daily Star, Letter to the Editor) June 27, 2022
  • A California Gold Mine’s Toxic Legacy: Inside the Fight Over Reopening a Treasure Trove (Hailey Branson-Potts, Los Angeles Times) June 24, 2022

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Rosemont News

Ce:wi Duag – Ancestral Land: A Tohono O’odham Acknowledgment Run (video produced by Leslie Epperson)

Rosemont Mine Rollercoaster: Trump-era rules were overturned, so Hudbay radically overhauled its mining plan (David Abbott, Arizona Mirror)

Havasupai Tribe: Pinyon Plain uranium mine threatens our existence (AZ Mirror, Shondiin Silversmith)

Copper world mine (Elaine Wolter, The Arizona Daily Star, Letter to the Editor)

More Posts from this Category

Selected Lens on the Land Photographs

Land
Members of the Tohono O'odham Legislative Council, by Jeanne S. Broome
Night Sky
Water Resources
People
Economy
Biodiversity
Hiking at the Rosemont Site, by Dennis Caldwell
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Litigation Update

There have been two recent judicial rulings on the Rosemont Copper Company projects — one favorable and one unfavorable.

Click here to learn more

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