Rosemont copper project, US
Name of the Project
Rosemont copper project.
Location
Arizona, in the US.
Project Owner/s
Hudbay Minerals.
Project Description
Rosemont is one of the world’s best undeveloped copper projects.
The project has total proven and probable reserves of 537.1-million tonnes grading 0.45% copper, 0.012% molybdenum and 4.58 g/t silver. A technical report completed on the project in 2017 envisages a traditional openpit shovel/truck operation.
The project is expected to produce about 127 000 t/y of copper over the first ten years of operation.
The technical report envisages a mine life of 19 years.
Potential Job Creation
The project is expected to create more than 2 500 direct jobs and 4 060 jobs during construction.
The mine is expected to employ more than 500 full-time employees in mining, process operations and general administration during active mining.
Net Present Value/Internal Rate of Return
The project is expected to deliver a 15.5% after-tax unlevered internal rate of return at a copper price of $3/lb.
Capital Expenditure
The project will require an investment of $1.92-billion.
Planned Start/End Date
Not stated.
Latest Developments
Hudbay announced a $122-million early works programme at the project in March. Hudbay has said that it will seek board approval to start construction of the project by the end of 2019 to enable production by the end of 2022.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Hudbay Minerals, tel +1 416362 8181 or email info@hudbayminerals.com.
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