HudBay Minerals has acquired the roughly 2.5 million shares in Norsemont Mining it did not already own giving it 100% ownership. The acquisition is set to increase HudBay’s copper output by about 145% when Norsemont’s Constancia mine in Peru comes into full production.

The news comes a day after the company announced it will spend USD 144 million to build a new concentrator at its Lalor project in Manitoba of Canada.

(Sourced from www.mining.com)