Economic Impact

A critical element of Hudbay’s mission is to ensure that the regions and communities where we operate benefit from our presence.

Rosemont will be among the largest construction projects in the history of southern Arizona. It is expected to cost $1.9 billion over a 2.5-year construction period that will require more than 2,500 workers at peak construction. Once mining begins, the job creation, tax generation and overall economic impact of Rosemont will be significant for Arizona. These are some of the economic benefits that Rosemont will provide:

  • More than 500 full-time direct jobs during active mining operations, currently anticipated at 19 years1.
  • Annual wages to direct employees that average more than twice the current median annual income in Pima County.
  • More than 2,500 direct jobs and 4,060 total jobs during construction2.
  • Annual spending between $90 million and $158 million on direct purchases from local vendors during active mining operations.
  • An estimated $350 million in new local tax revenues over the life of the mine3.
  • An estimated $108 million in total revenues for state and local governments from direct and indirect employee taxes over the life of the mine2.

1 NI 43-101 Report on the Rosemont Project dated March 30, 2017

2 Based on the Forest Service Final Environmental Impact Statement for the Rosemont Copper Project, 2013

3 Arizona State University Economic Impact Study, June 2018