Hudbay Minerals has announced that late Wednesday the U.S. District Court for the District of Arizona issued a ruling in the lawsuits challenging the U.S. Forest Service’s issuance of the Final Record of Decision for the Rosemont project in Arizona. The Court ruled to vacate and remand the Record of Decision such that Rosemont cannot proceed with construction at this time. Hudbay states they believe the Court has misinterpreted federal mining laws and Forest Service regulations as they apply to Rosemont so they will be appealing the Court’s decision to the U.S. Ninth Circuit Court of Appeals. They note The Final Record Of Decision was issued in June 2017 after a thorough process of ten years involving 17 co-operating agencies at various levels of government, 16 hearings, over 1,000 studies, and 245 days of public comment resulting in more than 36,000 comments.

Hudbay Interim President and Chief Executive Officer Peter Kukielski reports they are extremely disappointed with the Court’s decision and strongly believe the project conforms to federal laws and regulations that have been in place for decades so they will be appealing the decision.