Augusta’s Rosemont project draws more interest

Mar 28, 2014 | 04:00 PM | Saranya Kapur

Tags  Gil Clausen, Augusta Resources, HudBay Minerals, copper, Rosemont project, Saranya Kapur

NEW YORK — Nine potential buyers have expressed interest in Augusta Resource Corp.’s Rosemont copper project in Arizona, the mining company said in a statement March 28.

These parties, who have signed confidentiality agreements, will visit the Rosemont site over the next month.

"There is no doubt that potential buyers recognize that our near-construction Rosemont Copper Project is a unique, world-class asset that has true scarcity value," Augusta chief executive officer Gil Clausen said. "With the conclusion of the permitting process, which is on track for the second quarter this year, we are on the verge of a significant value-creating milestone. The....

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