Hudbay, Mitsubishi Approve Construction of Copper World Mine in Arizona
Bitget2026/10/21 05:00- Hudbay Minerals and Mitsubishi authorized construction of the Copper World copper mine in Arizona.
- Initial development capital totals USD 2.07 billion, with first production targeted for the second half of 2029.
- The feasibility study projects average annual copper production of 102,000 tonnes over the first decade at cash costs of USD 1.65 per pound.
- Hudbay’s expected capital contribution is approximately USD 500 million, with payments deferred until 2028 under the project’s financing plan.
- The 15-year base case has an after-tax net present value of USD 1.24 billion at a copper price of USD 5 per pound.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Unafraid of the electric vehicle downturn: General Motors (GM.US) makes a bold bet on lithium-manganese-based batteries, wagering on the next generation of affordable electric vehicles
General Motors (GM.US) remains undeterred by the electric vehicle market downturn in recent years and is moving forward with a brand new EV project, aiming to launch a new battery-powered mainstream SUV in approximately three years.
WTI Price Forecast: Advances above mid-$98.00s as bullish setup backs additional gains
Abbott (ABT.US) Q3 revenue beats expectations but lowers full-year guidance; plans to spin off its nutrition business for listing
Abbott announced its third-quarter 2026 results on Wednesday. Meanwhile, the company revealed plans to spin off its nutrition business as a new independent publicly listed company.
USD/JPY Price Forecast: Hits one week low as bears eye trading range support near 157.50
Crypto prices
More
