HudBay Minerals Inc. Confirms Planned Temporary Maintenance Shutdowns.WINNIPEG, Manitoba -- HudBay Minerals Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :HBM HBM Human Body Model HBM Human Brain Mapping HBM Hottinger Baldwin Messtechnik GmbH (German company) HBM High Bone Mass HBM Hybrid Bilayer Membrane HBM Humming Bird Medal HBM Her/His Britannic Majesty ) (HudBay) confirms its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Hudson Bay Mining and Smelting Co., Limited (HBMS HBMS Hudson Bay Mining and Smelting (Manitoba, Canada) ), has finalized scheduling and plans to proceed with the previously announced planned temporary maintenance shutdown of its Flin Flon copper smelter during the second quarter of 2006. The planned 28-day copper smelter maintenance shutdown is primarily to rebuild the reverberatory furnace, which is used to smelt copper and is rebuilt regularly. The impact on annual sales will be, in part, mitigated by management of copper anode anode (ăn`ōd), electrode through which current enters an electric device. In electrolysis, it is the positive electrode in the electrolytic cell. anode Terminal or electrode from which electrons leave a system. inventory between the copper smelter in Flin Flon, Manitoba and the recently acquired copper refinery in White Pine, Michigan, which produces copper cathode. Similarly, during the second quarter of 2006, a routine planned 10-day annual maintenance shut down of the Flin Flon zinc plant, will be undertaken for oxygen plant, autoclave autoclave Vessel, usually of steel, able to withstand high temperatures and pressures. The chemical industry uses various types of autoclaves in manufacturing dyes and in other chemical reactions requiring high pressures. , thickener thick·en tr. & intr.v. thick·ened, thick·en·ing, thick·ens 1. To make or become thick or thicker: Thicken the sauce with cornstarch. The crowd thickened near the doorway. 2. and cell house maintenance. There will be no impact on annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. zinc metal production as a result of the maintenance programs. HBMS' mines, concentrators and other process plants will continue to operate during the planned shutdowns. "The record five year period since our last copper smelter reverberatory furnace rebuild is almost double our expectation and it is a noteworthy achievement by our operations personnel," said Peter R. Jones, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of HudBay. "Both the zinc plant and copper smelter planned shutdowns have undergone extensive planning, which gives us confidence that safety and productivity goals will be achieved. About HudBay Minerals Inc. HudBay Minerals Inc. is an integrated mining and metal producing company that operates mines and concentrators in northern Manitoba and Saskatchewan and a metal processing complex in Flin Flon, Manitoba. The company also operates a zinc oxide production facility in Brampton, Ontario and owns the former producing Balmat zinc mine in New York State, which is being reopened. Forward Looking Statements Certain information regarding HudBay set forth in this document, including management's assessment of HudBay s future plans and operations contains forward looking statements that involve substantial known and unknown risks and uncertainties. These forward looking statements are subject to numerous risks and uncertainties, some of which are beyond HudBay s and management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, risks related to the integration of acquisitions, fluctuation of foreign exchange rates, imperfection im·per·fec·tion n. 1. The quality or condition of being imperfect. 2. Something imperfect; a defect or flaw. See Synonyms at blemish. imperfection Noun 1. of reserve estimates, environmental risks, industry competition, availability of qualified personnel and management, timely and cost effective access to sufficient capital from internal and external sources, and, additionally, factors related to temporary maintenance shutdowns, the supply of parts, equipment and contract personnel and the discovery of repair work that may be considered necessary only when equipment at plant has been dismantled. HudBay's actual results, performance or achievement could differ materially from those expressed in or implied by, these forward looking statements and accordingly, no assurance can be given that any of the events anticipated to occur or transpire from the forward looking statements will provide any benefits to HudBay. HudBay Minerals Inc. (TSX:HBM) |
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