By Tony Davis | Arizona Daily Star
The proposed Rosemont Mine faces potentially lengthy construction delays due to low copper prices, just as the project heads into what could be a final round of government permitting.
Hudbay Minerals Inc., the Toronto-based company proposing to build the mine, has cut the value of the Rosemont project on its balance sheet by $114.5 million because of the copper prices and expected delays in mine construction, the company said in a recent news release.