WINNIPEG, MANITOBA, Aug 21, 2008 (Marketwire via COMTEX News Network)
--
HudBay Minerals Inc. ("HudBay") (TSX:HBM) today announced that it is
donating $1 million for the creation of a new 80th Anniversary Fund to
support community-based programs in the Flin Flon-Creighton region. As
part of HudBay's 80th anniversary celebrations, the company has chosen
to focus a part of its philanthropic efforts in the Flin Flon-Creighton
region where the company has been operating for 80 years.
"We are
very pleased to announce the creation of the 80th Anniversary Fund,
which will support community-based programs in the Flin Flon-Creighton
region," stated Allen Palmiere, President and Chief Executive Officer of
HudBay. "HudBay has a long history and strong ties in the Flin
Flon-Creighton region and, as part of our 80th year celebrations, we see
this as a way to further give back to the region which has supported
us."
The HudBay 80th Year Anniversary Fund will
engage and challenge local citizens, groups and young people to submit
their ideas for sustainable, community-improvement projects that will
add to the strong character of the Flin Flon-Creighton region. This new
80th Year Anniversary Fund will enable the region to bring those
projects to life.
A Steering Committee comprising of: a
representative from the City of Flin Flon, a representative from the
Town of Creighton, a representative from the Flin Flon & District
Chamber of Commerce; as well as a representative from HudBay will be
responsible for determining the terms of reference for allocating the $1
million over a five years. In addition, the Chamber of Commerce
representative will act as Chair of the Committee and the Chamber of
Commerce will be responsible for providing administrative services to
support the Steering Committee.
"We are thrilled with the
generous
investment that HudBay has offered to put into Flin Flon and the
region," said Tom Therien, Mayor of Flin Flon. "It shows HudBay's
commitment to our community."
"This is a great day for Creighton,
as the 80th Anniversary Fund is a reflection of the strong bond that
HudBay has with the region," added Bruce Fidler, Mayor of Creighton. "We
are excited by the possibilities that such a significant investment can
have on our community."
Specific details about the 80th
Anniversary Fund and how the Fund will be used in the community over the
next five years, will be revealed by the Steering Committee in the
coming months.
Over the past 80 years, HudBay has provided
employment for over 20,000 people and the company has contributed
billions of dollars in economic development to Manitoba. In addition,
the company has provided many millions of dollars in community support
and
donations throughout its history. Today's announcement marks the second
significant donation by HudBay in Manitoba this year. The company also
announced a $1 million donation to the Friends for the Canadian Museum
for Human Rights in January 2008.
For more information on HudBay's anniversary celebrations, please visit the HudBay website at www.hudbayminerals.com.
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 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.
Tom Goodman
Vice President, Technical Services and Human Resources
(204) 687-2380
Email: [email protected]
HudBay Minerals Inc.
MaryAnn Mihychuk
Director, Corporate Relations
(204) 271-1680
Website: www.hudbayminerals.com
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