The Copper World project in southern Arizona. (Image courtesy of Hudbay Minerals.)
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) has reached an agreement with a coalition of union building trades to support the construction of its Copper World mine in Arizona.
The letter was signed by seven union organizations, including the International Brotherhood of Boilermakers Local 627, IBEW Local 570, and the Western States Regional Council of Carpenters, among others.
By 11 a.m. ET, Hudbay Minerals’ shares had risen 4% to C$9.48 apiece, giving the Toronto-based company a market capitalization of C$3.73 billion ($2.69 billion).
Hudbay’s proposed 85,000-tonne-per-year Copper World project in Arizona is currently fully permitted to begin construction.
In January, the miner announced that the Arizona Department of Environmental Quality (ADEQ) had issued its air quality permit. Combined with earlier…
