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Low-key Presence Helps Hudbay Copper Mine Gain Approval in Peru
Aug. 30, 2012 09:52AM PST
Base Metals Investing Reuters reported that keeping a low profile has allowed Hudbay Minerals Inc.’s (TSX:HBM) Constancia copper mine to gain the support of Peruvian locals.
Reuters reported that keeping a low profile has allowed Hudbay Minerals Inc.’s (TSX:HBM) Constancia copper mine to gain the support of Peruvian locals.
As quoted in the market news:
“We stayed focused on the people that are affected and tried not to create too much of a profile for us across Peru,” [Hudbay President David] Garofalo told reporters late on Wednesday. “Because outsiders and interlopers get involved and they can disrupt our engagement with communities.”
Production at Constancia is slated to start in 2014, with full production seen by the second quarter of 2015. Hudbay plans to roughly triple the size of its copper output over the next four years to 125,000 tonnes a year, largely on the back of production from Constancia.
