Hudbay, Mitsubishi Approve Copper World With $2.07 Billion in Initial Growth Capital

Hudbay Minerals and Mitsubishi Corporation approved a final investment decision for Copper World, a copper project about 31 miles southeast of Tucson, Arizona. The companies target first production in the second half of 2029, as the project advances toward a planned 36-month initial construction phase. Hudbay owns 70% of Copper World, while Mitsubishi holds 30%. Initial growth capital is estimated at $2.07 billion in 2026 dollars, net of $127 million in anticipated equipment financing. After an expected $230 million precious-metals stream deposit, the estimate is $1.84 billion.

Source: TokenPost