Hudbay ups stake in Arizona Sonoran

Canadian miner Hudbay Minerals has strengthened its position in Arizona Sonoran Copper Company (ASCU), agreeing to acquire 11.85 million common shares in a private placement valued at C$19.91 million ($13.8 million).The investment increases Hudbay’s stake in ASCU from 2.12% to 9.9%, signalling...