Hudbay and Mitsubishi approve US$2.07 billion Copper World Mine in Arizona
2026-10-22 11:19:22 [Print]
Hudbay Minerals and Mitsubishi Corporation approved the final investment decision for Copper World in Arizona on October 21, 2026. The decision commits US$2.07 billion to an open-pit copper mine targeting first production in the second half of 2029.
According to the definitive feasibility study (DFS) dated October 21, 2026, the project's key figures are:
102,000 tonnes per annum (tpa) of copper over the first 10 years;
95,000 tpa average across a 15-year Base Case mine life;
Proven and probable reserves of 390 Mt at 0.47% Cu;
Located about 50 km (31 miles) southeast of Tucson, producing copper and molybdenum concentrates with gold and silver by-products.
According to the definitive feasibility study (DFS) dated October 21, 2026, the project's key figures are:
102,000 tonnes per annum (tpa) of copper over the first 10 years;
95,000 tpa average across a 15-year Base Case mine life;
Proven and probable reserves of 390 Mt at 0.47% Cu;
Located about 50 km (31 miles) southeast of Tucson, producing copper and molybdenum concentrates with gold and silver by-products.
Copper Conc. 20%min Delivered China Cu Payable
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China refined copper producers' suspension number statistics by province by month
Unit: pcs
