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Hudbay is said to prepare sale of Arizona copper mine stake [Business News Network (BNN) Energy & Resources (Canada)]

Hudbay Minerals Inc. Ordinary Shares (Canada) (HBM) 
Last hudbay minerals inc. ordinary shares (canada) earnings: 2/20 05:35 pm Check Earnings Report
Hudbay is said to prepare sale of Arizona copper mine stake Hudbay Minerals Inc. ( HBM.TO ) is preparing a sale of a stake in one of the largest copper mines under development in the U.S. as an investor pushes the company to review its portfolio, people familiar with the matter said. The Toronto-based base metals miner has interviewed potential advisers about selling a 30 per cent stake in the Arizona Rosemont project and is planning to kick off a process in the coming months, the people said, asking not to be identified as the matter is private. The stake is likely to draw interest from financial bidders, such as private equity firms, the people said. No final decisions have been made and Hudbay may still decide to keep the asset, they said. A representative for Hudbay said the company intends to evaluate a variety of options, including the addition of a committed joint venture partner for the Rosemont project, and will carry out the process in parallel with its development this year Show less Read more
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