Low copper prices delay Rosemont Mine

CopperBy 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.

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