Hudbay’s Copper Mountain buy elevates it to Canada’s second-biggest copper producer
TSX- and NYSE-listed Hudbay Minerals has secured a $44.25-million deal to acquire Mitsubishi Materials Corporation's (MMC's) 25% stake in the Copper Mountain mine in British Columbia, consolidating its ownership of the asset and positioning itself as Canada’s second-biggest copper producer. "This acquisition is consistent with our strategy of expanding copper production in mining-friendly jurisdictions," commented president and CEO Peter Kukielski.
TSX- and NYSE-listed Hudbay Minerals has secured a $44.25-million deal to acquire Mitsubishi Materials Corporation's (MMC's) 25% stake in the Copper Mountain mine in British Columbia, consolidating its ownership of the asset and positioning itself as Canada’s second-biggest copper producer.
"This acquisition is consistent with our strategy of expanding copper production in mining-friendly jurisdictions," commented president and CEO Peter Kukielski.
