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Stock impact report

Hudbay Minerals settles civil lawsuits regarding former operations in Guatemala [Financial Post (Toronto, Ontario, Canada)]

Hudbay Minerals Inc. Ordinary Shares (Canada) (HBM) 
Last hudbay minerals inc. ordinary shares (canada) earnings: 2/20 05:35 pm Check Earnings Report
Company Research Source: Financial Post
TORONTO — Hudbay Minerals Inc. has reached settlement agreements covering three civil lawsuits in connection with the Fenix nickel project in Guatemala that the company sold in 2011. The company says the settlements conclude all outstanding legal matters related to its former activities in Guatemala. The lawsuits related to the 2009 killing of Adolfo Ich Chaman, the 2009 shooting and paralysis of German Chub Choc, and the 2007 eviction of the Mayan community of Lote Ocho from the disputed Fenix mine lands during which 11 women allege they were sexually assaulted. The settlement involves compensation to all 13 plaintiffs. The sides agreed not to disclose the specific terms of the settlement including the amount paid in compensation, but the company says the agreement confirms the settlement is without admission of liability and that the parties continue to have fundamentally differing views on the facts underlying the allegations. Hudbay acquired the Fenix project in 2008 Show less Read more
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