U.S. District Judge James Soto late on Monday said there was no basis to reconsider an earlier ruling that overturned approvals for the company’s contentious Rosemont project in southeastern Arizona, delivering a setback for Hudbay as it seeks to revive plans for the stalled $1.9 billion open-pit mine. Hudbay’s director of investor relations, Candace Brule, said the company was disappointed with the decision and would proceed with an appeal as it studies next steps for the project. “This ruling confirms that the court continues to misinterpret decades of precedent and the federal regulations and mining laws that govern …read more
Source:: Yahoo Finance
