Indian mining giant Vedanta Resources Plc. announced that it has taken a stake of nearly 10 percent in Canada’s HudBay Minerals Inc. For full story, click here
Continue reading "Lakomasko takes over 10 percent stake in Hudbay"
Thursday, March 5, 2009
HudBay Minerals posted a marked decline in its fourth quarter results, as plunging copper and zinc prices hurt revenue. For more details, click here
Continue reading "Sharp drop in HudBay's Profits"
Monday, March 2, 2009
Mining Weekly announced that Mr Allen Palmiere CEO of HudBay Minerals came out swinging on last Friday with barely month to go before shareholders vote on a proposal to replace the company’s board of directors. Mr Palmiere said: The banks sent us an email, saying that they were unwilling to renew in the current circumstances. Subsequent to [...]
Continue reading "HudBay reports offense against move to replace board"
Monday, February 16, 2009
Lundin Mining determines in its sole discretion that HudBay will not be in a position to submit the arrangement for approval by its shareholders on or before March 31, 2009 or that HudBay is not otherwise using its best efforts to obtain such approval by that date, then Lundin Mining presently intends to exercise its [...]
Continue reading "Lundin: HudBay will not submit the arrangement for approval"
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Monday, April 27, 2009