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HudBay Minerals sells interest in Fenix mine in Guatemala

Monday, August 8, 2011

\ HudBay Minerals said it has agreed to sell its interest in a Guatemala nickel mine to the Solway Group for $170 million.\ \ David Garofalo, HudBay’s chief executive, said the Fenix project is robust and 'warrants development,' but it doesn't fit HudBay's strategy.\ \ Solway Group, based in Cyprus, is made up of various mining, metals, chemicals, cement and real estate companies.\ \ \ \ Original source: Canadian Business\ \ \ \ \