WINNIPEG, MANITOBA, Aug 22, 2007 (CCNMatthews via COMTEX News Network) --
HudBay Minerals Inc. (TSX:HBM) (HudBay) today announced that its
cash is held with a major Canadian bank in highly liquid investments at
competitive market rates. The Company has no investments in asset-backed
commercial paper.
With recent uncertainty in global credit
markets, HudBay believes it is prudent to clarify the status of its cash
holdings, which were approximately $565 million at June 30, 2007.
About HudBay Minerals Inc.
HudBay
is an integrated mining company operating mines, concentrators and a
metal production facility in northern Manitoba and Saskatchewan. HudBay
also owns a zinc oxide production facility in Ontario, the White Pine
copper refinery in Michigan and the Balmat zinc mine operations in New
York state. HudBay is a member of the S&P/TSX Composite Index and a
member of the S&P/TSX Global Mining Index.
(HBM-G)
SOURCE: HudBay
Minerals Inc.
HudBay Minerals Inc.
Brad Woods
Director, Investor Relations
(204) 949-4272
Email: brad.woods@hbms.ca
Website: www.hudbayminerals.com
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