Hudbay Minerals Inc. Partners Locally to Advance Copper World Project in Arizona
- Hudbay Minerals partners with local firms for the Copper World project, enhancing feasibility study efforts and project execution.
- The project is expected to generate over $850 million in U.S. taxes and create 400 direct jobs in Southern Arizona.
- Hudbay aims to strengthen the domestic copper supply chain while minimizing its carbon footprint through local sourcing initiatives.
Hudbay Minerals Advances Local Partnerships for Copper World Project
Hudbay Minerals Inc. ("Hudbay") takes a significant step towards the development of its Copper World project in Southern Arizona by selecting local firms to assist in advancing the feasibility study. This fully permitted mine, located 28 miles southeast of Tucson, is set to become a substantial contributor to the region's economy. Partnering with established local companies such as Sundt Construction and M3 Engineering & Technology Corporation, Hudbay aims to leverage their expertise in mining and infrastructure, ensuring efficient planning and execution through an integrated project delivery model. This collaboration reflects Hudbay’s commitment to fostering local partnerships, which are critical for the sustainable development of the Copper World project.
The economic implications of the Copper World project are considerable. Hudbay anticipates generating over $850 million in U.S. taxes, with $420 million earmarked for state and local governments. The project is projected to create more than 400 direct jobs and potentially up to 3,000 indirect jobs over its 20-year lifespan, thereby providing a significant boost to the local job market. Hudbay's focus on creating employment opportunities underscores its dedication to enhancing the economic landscape of Southern Arizona, reinforcing its role as a responsible corporate citizen.
In addition to economic benefits, Hudbay’s Copper World project aims to strengthen the domestic copper supply chain by sourcing materials locally, which aligns with broader sustainability goals. By reducing reliance on overseas shipping, the company seeks to minimize its carbon footprint while fulfilling the growing demand for copper—a vital metal for various industries, including renewable energy and electric vehicles. Hudbay’s initiatives, which include collaborating with local union building trades, highlight its commitment to safety, quality, and community welfare in construction practices.
In parallel with the Copper World project, Hudbay maintains an operational portfolio that includes the Constancia mine in Peru and the Copper Mountain mine in Canada. The company is focused on sustainable value creation and strives to enhance community relations while ensuring efficient operations across its growth pipeline. Engaging local firms for the Copper World project not only supports job creation and economic development but also reflects Hudbay's strategic vision of integrating corporate responsibility with operational excellence.