Panama: Mine Company FundedThe Mining Code’s reform allows Inmet to complete financing for $ 5.000 million needed to exploit Minera Panama’s copper mine.Tuesday, March 1, 2011
Specifically, the reform opened the possibility for foreign states to invest in mining projects. For Canadian company Inmet, this could translate into including Korean state company Kores, representing a project investment of $ 625 million. Source: Prensa.com ¿Busca soluciones de inteligencia comercial para su empresa?Financing for Cobre Panama CompleteMay 2012 After closing the bond issuance with $1.5 billion, Inmet Mining has announced that it has $6.2 billion funding available, to cover the cost of the mine in Donoso, Panama. Inmet Sells 20% of Cobre Panama to Korean Holding CompanyJanuary 2012 Inmet Mining Corp. has announced the sale of 20% of its copper mining project in Panama for $155 million. Korean Company Buys 20% Of Panamanian Copper MineMarch 2010 LS-Nikko will take a 20% stake in the copper mining project “Cobre Panama”. Panama: Korean Mining Company Will Invest in Copper ProjectOctober 2009 Korean company LS-Nikko could invest up to $260 million in copper mining project "Cobre Panama".
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