Latest permit for Hudbay project in Arizona paves way for major US copper boost
The company has in hand the second-last permit it needs to start construction at its 85,000-tonne-per year Copper World project.
Industrias Penoles announced an indefinite halt to operations at its Minera Tizapa unit in the State of Mexico on Friday due to a strike called by the national mining union.
The union, which represents the mining, metallurgical, and steel industries, is citing violations of a collective labor agreement signed in April, Penoles said in a filing.
The company, Mexico’s top silver miner, stated that it fully complies with the obligations of the labor agreement and local labor laws. It also said it will adhere to the appropriate legal and administrative procedures to resolve the conflict.
The mine, which Penoles holds a 51% stake in, extracts lead, zinc and copper.
(Reporting by Kylie Madry; Editing by Brendan O’Boyle)
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