Hudbay Minerals buys out Rosemont partner for $75M

Hudbay Minerals agreed to acquire United Copper and Moly's 7.95% interest in the Rosemont copper project for $45 million cash plus three annual installments of $10 million, simplifying ownership and allowing Hudbay to seek a new joint venture partner.

“The arrangement simplifies the ownership structure and removes the current governance structure with UCM, which was inherited from the previous owner of Rosemont.”mining.com

• 1 source
• mining.comHudbay buys out Rosemont partner for $75m - MINING.COMCanadian Mining Journal StaffMar 13, 2019

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