Hudbay Minerals to buy Copper Mountain Mining

Goodmans LLP is acting for Hudbay Minerals Inc. in its announcement to acquire all of the issued and outstanding common shares of Copper Mountain Mining Corp. for US$439 million, pursuant to a court approved plan of arrangement.

The acquisition will boost Hudbay’s copper portfolio, and the combined company would create the third largest copper producer in Canada. All assets in the combined portfolio are located in tier-one mining-friendly jurisdictions of Canada, Peru and the United States.