TORONTO, ONTARIO, Jan 26, 2009 (Marketwire via COMTEX News Network)
-- HudBay Minerals Inc. ("HudBay", "the Company") (TSX:HBM) announced
that the Ontario Superior Court, at its hearing today to consider an
application by SRM Global Master Fund Limited Partnership and Corriente
Master Fund Limited Partnership, adjourned the application to February
5, 2009.
ABOUT HUDBAY MINERALS INC.
HudBay is a leading
base metals mining company with assets in North and Central America. The
company is focused on growing its business through operational
optimization, strategic investing, mine development and exploration. An
integrated mining company, HudBay operates zinc and copper mines,
concentrators and metal production facilities in northern Manitoba and
Saskatchewan, a zinc oxide production facility in Ontario, the White
Pine Copper Refinery in Michigan, and owns the Fenix nickel
project in Guatemala. In addition to its primary products, the company
also
produces gold, silver and zinc oxide. HudBay is a member of the
S&P/TSX Composite Index and the S&P/TSX Global Mining Index.
FORWARD-LOOKING INFORMATION
This
news release contains "forward-looking information" within the meaning
of applicable securities laws. Forward-looking information includes, but
is not limited to, information concerning the proposed business
combination between HudBay and Lundin and matters relating thereto.
Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects", or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "does not anticipate", or "believes" or
variations of such words and phrases or statements that certain actions,
events or results "will", "may", "could", "would", "might", or "will be
taken", "occur",
or "be achieved". Forward-looking information is based on the opinions
and estimates of management at the date the information is made, and is
based on a number of assumptions and subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking
information (including the actions of other parties who have agreed to
do certain things and the approval of the court or other regulatory
bodies). Many of these assumptions are based on factors and events that
are not within the control of HudBay and there is no assurance they will
prove to be correct. Factors that could cause actual results or events
to vary materially from results or events anticipated by such
forward-looking information include court and/or other regulatory
approval, action by an intervening party or parties, future
agreements reached with third parties, changes in market conditions,
variations in ore grade or recovery rates, risks relating to
international operations, fluctuating metal prices and currency exchange
rates, changes in project parameters, the possibility of project cost
overruns or unanticipated costs and expenses, labour disputes and other
risks of the mining industry, failure of plant, equipment or processes
to operate as anticipated as well as those risk factors discussed in the
Annual Information Form for the year ended December 31, 2007 for HudBay
available at www.sedar.com.
Although HudBay has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking information, there may be other factors
that cause actions, events or results not to
be anticipated, estimated or intended. There can be no
assurance that forward-looking information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such information. HudBay undertakes no obligation to
update forward-looking information if circumstances or management's
estimates or opinions should change except as required by applicable
securities laws. The reader is cautioned not to place undue reliance on
forward-looking information.
This news release and the
information contained herein does not constitute an offer of securities
for sale in the United States and securities may not be offered or sold
in the United States absent registration or exemption from registration.
(HBM-T)
SOURCE: HudBay Minerals Inc.
HudBay Minerals Inc.
Annemarie Brissenden
Manager, Investor Relations
(416) 362-0615
Email: annemarie.brissenden@hudbayminerals.com
Website: www.hudbayminerals.com
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