# Hudbay and Mitsubishi approve investment in Arizona’s Copper World project

> The companies announced a final investment decision on 21 October to build the Copper World copper project in Arizona. First production is targeted for the second half of 2029.

- Canonical URL: https://newsverum.com/en/news/hudbay-mitsubishi-approve-copper-world-project-us
- Publisher: Newsverum
- Section: Economy
- Country: United States
- Published: 2026-10-21T10:31:31+00:00
- Updated: 2026-10-21T10:31:31+00:00
- Event / data period: 2026-10
- Other editions: [Türkçe](https://newsverum.com/tr/news/hudbay-mitsubishi-approve-copper-world-project-us.md), [العربية](https://newsverum.com/ar/news/hudbay-mitsubishi-approve-copper-world-project-us.md), [Français](https://newsverum.com/fr/news/hudbay-mitsubishi-approve-copper-world-project-us.md), [Español](https://newsverum.com/es/news/hudbay-mitsubishi-approve-copper-world-project-us.md), [Deutsch](https://newsverum.com/de/news/hudbay-mitsubishi-approve-copper-world-project-us.md), [Português](https://newsverum.com/pt/news/hudbay-mitsubishi-approve-copper-world-project-us.md)

The base case projects average annual copper output of 102,000 tonnes in the first decade and a 15-year mine life; the reserve estimate is 390 million tonnes at 0.47% copper.

## Data

### Announced figures

Selected values from the company release; forecasts and targets are not realized results.

Methodology: Figures are transcribed from the source release with the units stated there.

| Metric | Million US dollars |
|---|---|
| Initial growth capital estimate | 2070 |

Sources: <https://www.globenewswire.com/news-release/2026/10/21/3385092/0/en/hudbay-and-mitsubishi-approve-copper-world-project-construction-advancing-next-major-u-s-copper-mine-towards-first-production-in-2029.html> · Download data: [JSON](https://newsverum.com/api/v1/articles/hudbay-mitsubishi-approve-copper-world-project-us/data/release-facts?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/hudbay-mitsubishi-approve-copper-world-project-us/data/release-facts?lang=en&format=csv)

## Sources

- [Hudbay Minerals Inc. (issuer release via GlobeNewswire)](<https://www.globenewswire.com/news-release/2026/10/21/3385092/0/en/hudbay-and-mitsubishi-approve-copper-world-project-construction-advancing-next-major-u-s-copper-mine-towards-first-production-in-2029.html>) (Source checked: 2026-10-21; Published: 2026-10-21)

---

Cite the canonical URL above. [Editorial standards and corrections](https://newsverum.com/en/editorial)