TUCSON,
Ariz., June 6, 2024 /PRNewswire/ -- Copper World,
Inc. jointly announces the signing and acceptance of a Letter of
Intent with several unions, including The International Brotherhood
of Boilermakers, Iron Ship Builders, Forgers and Helpers Local 627;
The Laborers International Union of North America Local 1184; and
The United Brotherhood of Carpenters and Joiners of America Local
1912. The letter outlines the intention to enter into a mutually
acceptable Project Labor Agreement for the construction of the
Copper World Mine in Pima County,
Arizona.
"We recognize and acknowledge the skill and professionalism of
local construction unions," said Javier Del
Rio, Hudbay's SVP of South
America and the USA,
"Recognizing how substantial the construction of this project will
be, we are delighted to have our construction team include their
trained and able workforce."
"Boilermakers Local 627 has been a chartered union in
Arizona since 1937. The skills and
abilities of Boilermakers have supported heavy industrial projects
in Arizona and have supported
generations of construction workers with good wages and benefits.
Having a Project Labor Agreement on this project will ensure a
local workforce is trained and benefits from this project remain in
our community. Local 627 looks forward to working to build the
Copper World Mine," said Jacob
Evenson, Business Manager of Boilermakers Local
627.
"Arizona's population is ever
growing and projects such as the Copper World Mine are essential to
working families. The Copper World Mine project will provide local
jobs, higher wages and benefits for workers and their families. We
are delighted that Copper World Inc is committed to investing in
our community and in union labor. Union labor guarantees fair wages
and provides skilled workers committed to building quality projects
that are built to last," said Fabian
Sandez, President of Carpenters Local Union 1912.
"Copper is key to a transition to a clean energy future. The
Copper World Mine will not only help us transition to that future
but having a PLA on this project will ensure our workers have a
future in Southern Arizona. Our
Laborers are the best trained workers in the construction industry
and are experts at building out mining operations. We look forward
to getting to work building this mine and ensuring it is a jewel in
the crown of Arizona," said
Michael Dea, Business Manager of
Laborers Union Local 1184.
The Copper World Mine, located 19 miles south of Tucson, is one of the largest
non-government-funded construction projects in Southern Arizona history and will be a crucial
part of Arizona's contributions to
materials needed for the green economy. The Copper World project is
expected to generate significant benefits for the community and
local economy in Arizona. Over the
anticipated 20-year life in the proposed first phase of operation,
the company expects to contribute more than $850 million in U.S. taxes, including
approximately $170 million in taxes
to the state of Arizona. Hudbay
also expects Copper World to create more than 400 direct jobs and
up to 3,000 indirect jobs in Arizona. Copper World will offer competitive
wages and benefits and the company intends to engage in
partnerships with local apprenticeship readiness programs and
community-based workforce training programs across the skilled and
technical levels to fill and maintain all positions. The project is
also expected to generate approximately $250
million in property taxes over the 20-year mine life.
Copper World will be a key contributor to the domestic U.S.
supply chain with the company's intention to produce "Made in
America" copper cathode by building a concentrate leach processing
facility in the fourth year of operations. Local production of
copper cathode would reduce the operation's total energy
requirements, and lower greenhouse gas and sulfur emissions by
eliminating overseas shipping, smelting and refining activities
relating to processing copper concentrate. Copper World is an
attractive copper growth project for Hudbay and its stakeholders,
which will bring many benefits to the community and local economy
in Arizona.
About Hudbay
Hudbay (TSX, NYSE: HBM) is a
copper-focused mining company with three long-life operations and a
world-class pipeline of copper growth projects in tier-one
mining-friendly jurisdictions of Canada, Peru
and the United States.
Hudbay's operating portfolio includes the Constancia mine in
Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine
in British Columbia (Canada).
Copper is the primary metal produced by the company, which is
complemented by meaningful gold production. Hudbay's growth
pipeline includes the Copper World project in Arizona (United
States), the Mason project in Nevada (United
States), the Llaguen project in La Libertad (Peru) and several expansion and exploration
opportunities near its existing operations.
The value Hudbay creates and the impact it has is embodied in
its purpose statement: "We care about our people, our communities
and our planet. Hudbay provides the metals the world needs. We work
sustainably, transform lives and create better futures for
communities." Hudbay's mission is to create sustainable value and
strong returns by leveraging its core strengths in community
relations, focused exploration, mine development and efficient
operations.
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SOURCE Hudbay Minerals