#United States #Tucson #Hudbay Minerals #Copper World #Labor Unions

Hudbay and Labor Unions Collaborate for the Copper World Project

In a significant move for the mining industry in Arizona, Hudbay Minerals Inc. (Hudbay) and a coalition of union building trades have announced their commitment to a Project Labor Agreement for the Copper World project. This partnership marks a pivotal step towards the construction of one of Southern Arizona's most impactful economic initiatives. The announcement was officially made on April 10, 2025, in Tucson, Arizona, where Hudbay's wholly-owned subsidiary, Copper World, Inc., is set to lead the charge on this ambitious endeavor.

By entering into this agreement, Hudbay ensures that a substantial portion of the construction work will be performed by union contractors, amplifying local economic opportunities and securing high-quality jobs for skilled workers. This commitment not only strengthens the collaboration between Hudbay and the unions, but also emphasizes the importance of maintaining robust safety standards and providing essential worker benefits.

The letter of commitment was signed by representatives from several prominent unions, including the International Brotherhood of Boilermakers, Iron Ship Builders, Forgers and Helpers Local 627, Southern California District Council of Laborers and Its Affiliated Local 1184, and the International Brotherhood of Electrical Workers Local 570, among others. Their involvement highlights the joint dedication to fostering an efficient and respectful work environment essential for the successful execution of the Copper World project.

Javier Del Rio, Senior Vice President of Hudbay’s U.S. Business Unit, stated, "The expertise and dedication of our local trade unions are vital to the success of large-scale projects like Copper World. Our commitment to a Project Labor Agreement strengthens our partnership with the unions, guaranteeing high-quality, well-paying jobs that uphold robust safety standards."

Copper World is strategically located approximately 28 miles southeast of Tucson and is anticipated to have significant benefits for both the local community and economy. Over the lifespan of the fully permitted mine, which is projected to be about 20 years, Hudbay estimates that it will contribute over $850 million in taxes to the United States, including upwards of $420 million in state and local taxes. It’s projected to bring forth over 400 direct jobs and support as many as 3,000 indirect jobs across Arizona.

The project doesn't just promise economic prosperity; it will also play a crucial role in enhancing the national security of the U.S. by supplying essential minerals required for modern technologies. To further its commitment to sustainability, Hudbay plans to establish a concentrate leach processing facility by the fourth year of operations, aiming to enhance the domestic copper supply chain under the brand name "Arizona Copper Made For America." This initiative will significantly reduce the carbon footprint associated with overseas shipping and refining, thus promoting a more environmentally friendly operation.

Copper World is poised to address the increasing demand for critical minerals that are imperative for expanding manufacturing capacity, infrastructure development, and fostering energy independence in the U.S. The collaboration between Hudbay and the unions is not just about building a mine; it’s about building a future where skilled labor forces contribute to national objectives and local economies alike.

In summary, Hudbay's strategic partnership with labor unions for the Copper World project signifies a strong commitment to both economic development and workforce integrity. As this initiative unfolds, it is set to become a cornerstone of sustainable mining practices and a benchmark for cooperative labor relations in the industry. The alignment of interests among stakeholders involved ensures that the Copper World project will not only meet the needs of the present but also pave the way for future advancements in the mining sector.

About Hudbay Minerals

Hudbay Minerals (traded on TSX and NYSE under the symbol HBM) is dedicated to the advancement of copper-focused critical minerals. With a legacy of operational excellence in Canada, Peru, and the United States, Hudbay is on the leading edge of responsible mining practices, committed to creating sustainable value and fostering community relationships while driving significant contributions to local economies.