Hudbay has announced it intends to commence an offer to acquire all the issued and outstanding common shares of Augusta Resources Corporation not already owned by Hudbay.  Augusta is a base metals company focused on advancing the Rosemont Copper project near Tucson, Arizona which has planned to start production in 2016.

Hudbay reports the addition of Augusta’s Rosemont project to their portfolio of low cost long life assets will enhance Hudbay’s position as a leading intermediate base metals mining company with world class copper production growth, the acquisition of the Rosemont project is an ideal fit with Hudbay’s disciplined growth strategy of acquiring high quality development stage assets in mining friendly jurisdictions in the Americas and Hudbay has the technical and operational expertise and financial capacity to efficiently develop and operate the Rosemont project to the benefit of all shareholders.

The offer will be open for acceptance until March 19th unless extended or withdrawn.