Canadian miner Hudbay Minerals has signed a definitive agreement to buy the remaining stake in Arizona Sonoran Copper Company that it does not already own for $1.48 billion. The deal will create a major copper hub in southern Arizona by adding Arizona Sonoran’s Cactus project to Hudbay’s existing operations, including the Copper World project. “The acquisition of ASCU is a…
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Arizona Sonoran plans for the new year
Arizona Sonoran Copper Company has announced its 2023 work plan for the Cactus Property, inclusive of the Cactus and Parks/Salyer projects near Casa Grande, Ariz. All work streams this year will feed into the planned Prefeasibility Study (PFS) due in the fourth quarter 2023/first quarter 2024, and includes drilling, metallurgy, detailed engineering, permitting and technical studies, along with continued efforts…
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