TUCSON, Ariz. (AP) — The U.S. Army Corps of Engineers says it will issue a permit authorizing construction of a $2 billion copper mine in southern Arizona by a Canadian company.
The Tohono O'odham, Pascua Yaqui and Hopi tribes oppose the project over concerns it would damage ancestral homelands.
An attorney for the tribes has requested further consultation with the U.S. Environmental Protection Agency before construction starts.
The Arizona Daily Star reports that the Army Corps said Monday it will approve the Rosemont Mine southeast of Tucson.
Hudbay Minerals Inc. of Toronto is expected to build the mine and employ more than 400 people.
Construction has been delayed by a Clean Water Act permit from the EPA that would allow dredging and filling on the property.
The agency says it is dropping further review.
___
Information from: Arizona Daily Star, http://www.tucson.com
Before you consider Hudbay Minerals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hudbay Minerals wasn't on the list.
While Hudbay Minerals currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
