Mining

Hudbay, unions sign letter of intent for copper project in Arizona

Hudbay, unions sign letter of intent for copper project in Arizona

The Copper World mine, near Tucson, is poised to be one of southern Arizona’s biggest non-government-funded mine construction projects. It’s also anticipated to play a crucial role in meeting domestic demand for copper, driven by the expansion of renewable energy technologies and electric vehicles (EVs). 

The Copper World mine project would create over 400 direct jobs and up to 3,000 indirect positions, significantly contributing to the local economy. During its first phase, the operation will pay more than $850 million in US taxes and about $170 million in state taxes.

Hudbay and the unions said they are optimistic the agreement will set a precedent for future negotiations, ensuring a harmonious working relationship as the project progresses.

The deal involves the International Brotherhood of Boilermakers, Iron Ship Builders, Forgers and Helpers Local 627; the Labourers International Union of North America Local 1184; and the United Brotherhood of Carpenters and Joiners of America Local 1912.

Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). 

View Article Origin Here

Related Articles

Back to top button