Waterton, which raised its stake in the company to nearly 10% from 7%, also said it had withdrawn its request for a special shareholders' meeting.
HudBay Mining News
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.
Police are on the scene to maintain order, the firm said, adding that efforts continue to resolve the situation peacefully through talks.
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.
$59 million drop in total revenue compared to Q2 2012.