HudBay sees uncertainty in Augusta’s project

Feb 27, 2014 | 01:20 PM | Daniel Fitzgerald

Tags  HudBay Minerals, Augusta Resource, copper, molybdenum, Rosemont project, David Garofalo, takeover bid, Daniel Fitzgerald

NEW YORK — HudBay Minerals Inc. has hit back at claims from takeover target Augusta Resource Corp. that its unsolicited bid is "grossly inadequate," citing what it describes as "critical permitting and financing risks" for the Rosemont copper-molybdenum project in southern Arizona.

The Toronto-based company said that Augusta had "disclosed no additional information that would warrant the modification by HudBay of its offer" to acquire the remaining 84 percent of shares it does not already own.....

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