Hudbay Minerals Mining News

Hudbay Minerals settles board battle with shareholder Waterton

Canadian miner will elect 11 nominees of Waterton Global Resource Management, its second largest shareholder, as part of the settlement that ends a long-dragged out battle over control of Hudbay.

Waterton takes Hudbay Minerals to court

The Canadian miner's second-largest investor, Waterton Global Resource Management, has filed a lawsuit against the base metals producer in a bid to constrain its ability to solicit proxies.

Protesters block road used by Hudbay to transport copper in Peru

Members of the community of Tacrara were demanding compensation for the use of a road that, according to them, Hudbay’s trucks were not supposed to be using.

Hudbay Minerals granted final permit for $1.9B Rosemont copper mine

The operation is expected to be the third-largest copper mine in the U.S., employing about 500 people and accounting for approximately 10% of the country’s total copper production.

Hudbay buys out Rosemont partner for $75m

Hudbay intends to evaluate a variety of options, including the addition of a new joint venture partner for the development of Rosemont.

Hudbay moves one step closer to Rosemont construction with water permit

Hudbay Minerals has received the last key permit it needs to start building its Rosemont mine in Arizona.

Waterton steps up efforts to oust Hudbay Minerals CEO, board of directors

Toronto-based private-equity firm Waterton Global Resource Management is pushing for an overhaul of Hudbay Minerals’ board and the exit of the CEO, Alan Hair, over alleged "mismanagement."

Hudbay Minerals investor Waterton seeks to replace CEO, board

Toronto-based private-equity firm Waterton Global Resource Management is launching a proxy fight with Hudbay Minerals, pushing to overhaul the board and oust its chief executive over alleged "mismanagement."

Hudbay completes acquisition of Mason Resources

The deal closed for C$31 million.

Mining in Flin Flon Manitoba to cease in 2021—Hudbay

Up to 900 jobs will be eliminated.

Hudbay shrugs off investor concerns, buys Nevada copper junior

The miner has bought Mason Resources despite shareholder Waterton previously requesting a moratorium on any near-term acquisitions.

Hudbay Minerals investor calls special shareholder meeting

Private equity firm Waterton Global Resource Management, which now owns about 7 percent of Hudbay, called meeting after the Canadian base and precious metals refused a proposal for board changes.

Hudbay investor is said to seek changes to miner's board

Waterton Global Resource Management has expressed its concerns to Hudbay Chairman Alan Hibben, telling him that it would reserve the right to do anything it deemed necessary to improve the company’s performance, said sources.

Hudbay doesn’t deny rumours of interest in Chile’s Mantos Copper

The Chilean miner has been seeking a buyer for all or part of itself to raise $1 billion to dig for copper and gold in two of its mines in the country's north.

Southern Copper wins auction for massive Peru copper project

Rio Tinto, Teck Resources, Hudbay were among copper miners interested in $2 billion Michiquillay project in Peru.

Hudbay Minerals expands footprint in Peru

The miner’s local subsidiary has entered into an agreement to acquire mining properties in southern Peru near its Constancia copper mine.

Anti-mining groups force Hudbay to keep Peruvian operation suspended

Police are on the scene to maintain order, the firm said, adding that efforts continue to resolve the situation peacefully through talks.

Hudbay positioning itself for the next up cycle

With its Costancia mine now in full production, in Peru, Hudbay Minerals' COO talks about what's next.

Arizona court hands key legal victory to Hudbay’s Rosemont copper project

Air quality control permit yanked last year has been reinstated.

Canadian miners need stronger oversight abroad: Liberal MP McKay

The politician is calling for stricter oversight of mining companies abroad after a New York Times front-page story over the weekend shone a spotlight on a Canadian mining company accused of serious crimes in Guatemala.

HudBay’s offer for Augusta finally given the nod

The deal gives HudBay control over the Rosemont project in Arizona, which has the potential to become the US’ third largest copper mine.

Wild cat rips apart plans for giant Arizona copper mine

Vancouver firm's timeline to build 3rd largest US copper mine in doubt after sighting of endangered ocelot restarts permit consultations amid bitter takeover fight.

Battle royal over US copper mine

The takeover battle for an Arizona mine that's not even permitted but has the potential to transform the US copper industry is turning into a humdinger.

HudBay Minerals reports Q1 loss

The company stated this decrease was primarily due to lower sales volumes and lower copper prices compared to the first quarter of 2013.

HudBay target Augusta says it's got nine potential buyers

Company says 'significant industry players' are among them.