# 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.

- Type: Acquisition
- Announced: 2019-03-13
- Where: 50 km southeast of Tucson, Arizona, United States
- Value: $75.0M
- Status: announced
- Products: copper
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Hudbay Minerals](https://endata.com/companies/37990.md) (acquirer)
- [United Copper and Moly](https://endata.com/companies/37991.md) (target)

## Sources

- [mining.com](https://www.mining.com/hudbay-buys-rosemont-partner-75m/), 2019-03-13: "The arrangement simplifies the ownership structure and removes the current governance structure with UCM, which was inherited from the previous owner of Rosemont."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.