Hudbay Expands Operations in Manitoba
October 19, 2021
New Snow Lake Facility to Create Jobs, Boost Provincial Economy: Eichler
Hudbay plans to significantly expand its operations in Snow Lake over the next few years, creating jobs and helping to boost the provincial economy, Agriculture and Resource Development Minister Ralph Eichler and Finance Minister Scott Fielding announced today.
“Hudbay’s expansion of its Snow Lake operations over the next few years is good news for northern communities, the mining industry and the province as a whole,” said Eichler. “We congratulate Hudbay on the opening of the New Britannia Mill, which will process ore on site and help keep more jobs in northern Manitoba.”
The New Britannia expansion will include the refurbishing of the gold plant and adding a new copper flotation facility, ensuring increased production at the Snow Lake operations, which benefit local economies and the entire province.
“The opening of the New Britannia mill is an important milestone for Hudbay, and we are thrilled to have so many representatives from the province and local communities to share in the celebration of this occasion,” said Richard Trudeau, director, human resources, external and indigenous affairs, Hudbay Minerals Inc. “Hudbay’s story began here in Manitoba and nearly a century,, our commitment to Manitoba continues, as today marks the start of an exciting new chapter for our company, the town of Snow Lake, and the province. We look forward to sharing many successes in the years to come.”
Under Manitoba’s Mining Tax Act, mining companies are entitled to deduct processing allowances from profits when calculating taxes owing. Hudbay’s expansion is supported by the provincial government incentives including an additional processing allowance in recognition of this significant investment by Hudbay in Manitoba, Fielding noted.
“Providing incentives for mining companies to develop operations in the province helps reinforce Manitoba’s position as a mining-friendly jurisdiction,” said Fielding. “Since the mining sector is a major employer, especially in northern Manitoba communities, and a key driver of the economy, stimulating industry development ultimately benefits the entire province.”
For more information about Manitoba’s mineral industry, visit: www.gov.mb.ca/iem/industry/index.html.
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For more information:
- Public information, contact Manitoba Government Inquiry: 1-866-626-4862 or 204-945-3744.
- Media requests for general information, contact Communications and Engagement: [email protected].
- Media requests for ministerial comment, contact Communications and Stakeholder Relations: 204-290-5374.