Hudbay Minerals Inc. Partners Locally to Advance Copper World Project in Arizona
- Hudbay Minerals Inc. is advancing the Copper World project, a permitted copper mine near Tucson, Arizona, through local partnerships.
- The project is expected to generate over $850 million in taxes and create 400 direct jobs over its 20-year lifespan.
- Hudbay prioritizes sustainable development and local community involvement, using union contractors for construction to support local economies.
Hudbay Minerals Inc. Advances Copper World Project with Local Partnerships
Hudbay Minerals Inc., through its subsidiary Copper World, Inc., is making significant strides in developing the Copper World project, a fully permitted copper mine located near Tucson, Arizona. The company has recently selected several local firms, including Sundt Construction, M3 Engineering & Technology Corporation, Ames Construction, and DRA Global Limited, to conduct feasibility studies. This collaborative approach not only leverages local expertise but also reinforces Hudbay's commitment to fostering economic growth in Southern Arizona. As the project progresses, it is projected to generate over $850 million in U.S. taxes and create more than 400 direct jobs, alongside an estimated 3,000 indirect jobs over its 20-year lifespan.
The Copper World project is poised to play a pivotal role in enhancing the U.S. supply chain by producing domestically sourced copper. By focusing on "Made in America" copper, Hudbay aims to reduce its carbon footprint associated with overseas shipping and refining processes. This initiative aligns with the growing demand for critical minerals in the U.S., which is vital for various sectors including manufacturing, infrastructure development, and energy independence. Javier Del Rio, Senior Vice President of Hudbay's U.S. Business Unit, emphasizes that utilizing local contractors not only fosters a sense of community but also ensures that the benefits of the project are felt locally.
Moreover, the project adopts an integrated project delivery model, promoting collaboration among partners to ensure efficient planning and execution. This innovative approach is expected to streamline processes, reduce costs, and enhance project outcomes. By committing to using union contractors for construction, Hudbay demonstrates its dedication to supporting local economies and ensuring that the workforce benefits from the opportunities created by the Copper World project. As the project moves forward, Hudbay remains focused on sustainable development and enhancing community value, reinforcing its mission in the mining sector.
In addition to its local impact, Hudbay's Copper World project emphasizes the company's broader strategy of sustainable development across its operations in Canada, Peru, and the United States. The emphasis on local partnerships and community involvement signifies a strategic move to integrate corporate responsibility with economic development, setting a precedent in the mining industry. As the demand for critical minerals continues to rise, Hudbay positions itself as a key player in contributing to the U.S. economy and addressing environmental concerns.
