Inmet Mining and Petaquilla War Goes OnPanama's government has rejected a request to reject exploration permits and mining operations at the San Juan area.Wednesday, September 26, 2012
Inmet Mining asked the Department of Mineral Resources of Panama to reject all applications for exploration and exploitation of mineral concessions affecting Minera Panama, a subsidiary of Inmet Mining. This request includes in particular include the San Juan concession, of 11.145 acres, operated by Petaquilla Minerals, a company which Inmet Mining is currently attempting to buy through a hostile bid. Source: Nasdaq ¿Busca soluciones de inteligencia comercial para su empresa?First Quantum Insists on Purchase of IMnetFebruary 2013 The Board of Inmet has already rejected the first offer by First Quantum, which is now making a hostile bid, directly contacting shareholders of IMnet.
Hostilities between Inmet Minig and Petaquilla MineralsSeptember 2012 Inmet Mining Corporation has reiterated its intention to purchase common shares of Petaquilla Minerals, on the condition that the company does not make firm the debt issuance of $210 million it has announced. Reasons Behind Purchase of Petaquilla by InmetSeptember 2012 The acquisition could help control the environmental problems of the Molejón mine in the neighboring and much larger Cobre Panama project. Inmet Mining Wants to Buy Petaquilla MineralsSeptember 2012 Inmet Mining has announced its offer to purchase common shares of Petaquilla Minerals for $114 million in cash or shares.
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