Rosemont Mine Truth
January 23, 2017
Toronto-based Hudbay Minerals Inc. plans to spend $20 million in 2017 on its proposed Rosemont open-pit copper mine, down from $30 million last year and $50 million in 2015.
“Arizona spending of $20 million on the Rosemont project is intended to support ongoing permitting efforts,” Hudbay reported last week.
The roll-back in investment in Rosemont comes at the same time Hudbay states it may challenge the jurisdiction of the U.S. Army Corps of Engineers to require Hudbay’s subsidiary Rosemont Copper Company to obtain a Clean Water Act permit before construction can begin on the $1.5 billion mine. [Read more…]