Inmet Mining Corporation
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TAKEOVER: First Quantum swallows Inmet
VANCOUVER – First Quantum Minerals says it has successfully taken over Inmet Mining Corp. with 92.74% of the outstanding Inmet shares tendered to First Quantum. More than 65.2 million Inmet shares are now in First Quantum’s portfolio.
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First Quantum’s annual profit hit by lower copper prices
VANCOUVER — Despite a 16% year-on-year jump in copper production Vancouver-based First Quantum Minerals told a familiar story during an annual report on its 2012 fiscal year: falling average realized copper prices and rising operating…
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COPPER: Inmet, Petaquilla reach commercial agreement
PANAMA – Inmet Mining Corp. of Toronto and Petaquilla Minerals of Vancouver have reached a commercial agreement covering their adjacent copper projects. The deal relates to aggregate procurement, land access and use, settlement of certain…
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Inmet boosts copper reserves as First Quantum bid looms
VANCOUVER — As its future hangs in the balance, Canadian base metals producer Inmet Mining continued to increase its value via a global resource update on Feb. 11, which was highlighted by a 22% jump in proven and probable copper reserves.
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MERGER: Inmet board rejects First Quantum offer
TORONTO – The directors of Inmet Mining Corp. have advised their shareholders to reject the unsolicited offer made by First Quantum Minerals of Vancouver. Inmet chairman David R. Beatty said, “…the offer fails to adequately…
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BASE METALS: Inmet reaches high end of 2012 guidance
TORONTO – Jochen Tilk, president and CEO of Inmet Mining is pleased that the company has met the upper end of its 2012 production guidance. A total of 111,700 tonnes of copper and 66,300 tonnes of zinc were recorded at Inmet’s three mines…
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TAKEOVER: First Quantum doubles bid for Inmet
VANCOUVER – Not one to give up easily, First Quantum Minerals has made a hostile offer for Inmet Mining of Toronto – an offer double what it offered at the end of November. First Quantum’s initial offer was $70 per Inmet share, or a…
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COMMENT: Barrick tops list of sustainable Canadian miners
Corporate Knights, a specialized media and investment research company based in Toronto, has released its first Canadian mining sustainability ranking. The researchers measured the performance of 52 Canadian miners against 12 sustainability…
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GIFT: Inmet gives $1M support to Schulich mining MBA program
TORONTO – Inmet Mining Corp. has made a $1-million gift to the Schulich School of Business at York University to support Schulich’s new MBA specialization in global mining manager. The gift will be fulfilled by four payments of $250,000…
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Inmet rejects First Quantum’s takeover bid
Shares of Inmet Mining got a sudden boost in late day trading as it made two separate announcements, indicating it has turned down a takeover bid from First Quantum Minerals and has adopted a shareholder rights plan to provide it more time to…
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MINERAL PROCESSING: Inmet awards Cobre Panama contract to SNC-Lavalin
PANAMA – Inmet Mining of Toronto has selected Joint Venture Panama Inc. to do the detailed engineering, procurement and construction of the mineral processing plant at its Cobre Panama copper project. The joint venture is led by…
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CORPORATE GIVING: Inmet partners with Princess Margaret Cancer Foundation
TORONTO – Inmet Mining Corp. is making a gift of $1 million over four years to support the molecular profiling program at the Princess Margaret Cancer Centre. The program, led by Dr. Lillian Siu and her team, identifies characteristics of…