Copper – Amid dismal economic data out of Europe, copper made slight gains from an eight-month low as Chile’s port strike caused a supply squeeze.
Articles Tagged "Inmet Mining Corp"
Copper – First Quantum’s successful campaign to win over Inmet’s shareholders could be a sign that smaller mining companies may be starting to recognize the benefits of being part of a bigger group.
Copper – Reuters reported that First Quantum Minerals announced that they have been given enough support from shareholders to win their $1.5 million hostile battle for Inmet Mining, which will give them access to one of the largest untapped copper deposits in the world, Cobre Panama
Gold – Detour Gold, a mid-tier company sitting on what could be the largest gold mine in Canada, received an injection of cash this week.
Copper – Inmet Mining Corporation (TSX:IMN) is urging shareholders to reject First Quantum Minerals' offer.
Copper – This week, copper yielded all the gains it has made this year, weighed down by concerns about a proposed Chinese property tax and signals that the Fed's asset purchases may come to an end.
Copper – Bloomberg reported that First Quantum Minerals is confident that their hostile takeover bid for Inmet Mining will proceed with shareholder support.
Copper – Sitting on the second-largest undeveloped copper deposit in the world makes Inmet Mining an attractive target — worth $72 per share if First Quantum’s latest bid is to be believed. Now shareholders must carefully consider whether they can get more or if it’s worth paying well above the industry average to develop and operate the mine on their own.
Copper – Bloomberg reported that analysts expect Inmet to attract rival takeover offers with the lure of the world’s second-biggest undeveloped copper deposit after rejecting a $4.89 billion offer from First Quantum Minerals.
Copper – Inmet Mining Corp. (TSX:IMN) announced that Minera Panama SA, its subsidiary, has awarded mining equipment contracts for the supply of 84 pieces of equipment for its Cobre Panama copper project. The contracts are worth a total of $349 million.