Inmet Mining Merges with LundinThursday, January 13, 2011 The owner of copper mining project Panama Cobre (Minera Panama SA), Inmet Mining Corp., merged with Lundin Mining Corp. The new company will be called Symterra and will focus on the exploitation of copper, having potential production of 500.000 tons of copper a year. Inmet and Lundin Mining Cancel MergerMonday, April 4, 2011 Inmet Mining Corp, owner of the copper mining project “Panama Cobre” (Minera Panama S.A.), canceled its merger plans with Lundin. The companies failed to have the agreement approved by the shareholders of both corporations. Inmet Recognizes Failure of Petaquilla PurchaseTuesday, November 6, 2012 The hostile bid by Inmet Mining to acquire the mining company Petaquilla Gold did not have sufficient support from the shareholders of the latter. Inmet reported that the minimum conditions of its offer were not met and therefore it was not able to acquire any Petaquilla shares regarding its $133 million proposal. $500 Million for Panamanian Copper MineFriday, April 23, 2010 Ellington Investments Ltd invested $500 million in mining corporation Inmet. The funds will be used to develop the Inmet’s copper mining project “Cobre Panama”, located in Coclé del Norte. Inmet Mining Wants to Buy Petaquilla MineralsThursday, September 6, 2012 Inmet Mining has announced its offer to purchase common shares of Petaquilla Minerals for $114 million in cash or shares. The offer represents a premium of 37% compared to yesterday's closing price of Petaquilla Minerals shares on the Toronto Stock Exchange. Petaquilla Rejects Inmet OfferTuesday, October 30, 2012 The Canadian mining company Petaquilla Minerals Ltd has again rejected a takeover offer of $130 million from Inmet Mining Corp. The offer, 19% higher than Inmet’s offer in September, "still does not match the appropriate value for the Petaquilla shares ", the company said. Korean Company Buys 20% Of Panamanian Copper MineTuesday, March 16, 2010 LS-Nikko will take a 20% stake in the copper mining project “Cobre Panama”. The remaining 80% will be controlled by Inmet Mining Corporation. It will be located in Coclé del Norte, and will require a $3.5 billion investment. Panama: Inmet finds More CopperWednesday, March 9, 2011 The Canadian mining company announced the discovery of new mineral deposits at the Cobre Panama Mining Project. The deposit, which has the highest concentration of copper to date, is called "Balboa.” Inmet Mining Presents Copper Mine Project to Local AuthoritiesTuesday, January 26, 2010 "Minera Panama", a subsidiary of Canadian corporation Inmet Mining, presented its cooper mining project to the technical council of the province of Colón. The project, dubbed "Panama Cobre", would be located in Coclé del Norte, Donoso district, and would require an investment of $3.5 billion. "Cobre Panama" Copper Mining Project for 2014Wednesday, October 28, 2009 Inmet Mining, owner of the copper mining project "Panama Cobre" plans to complete construction in 2014. Environmental studies would be ready in the first quarter of 2010, and detailed engineering would begin mid-2010. Panama: Korean Mining Company Will Invest in Copper ProjectFriday, October 30, 2009 Korean company LS-Nikko could invest up to $260 million in copper mining project "Cobre Panama". LS-Nikko signed an option agreement with Canadian company Inmet Mining Corp, owner of the project. Under the agreement, LS-Nikko will have the option to acquire between 20% and 30% of the copper mining project "Cobre Panama" (Minera Panama S.A.), depending on how much it invests in it. Financing for Cobre Panama CompleteTuesday, May 22, 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. The board of Inmet Mining, parent company of Minera Panama, has given permission for the construction of a copper mine in Donoso, Colon province. Multi Billion Dollar Bid for Minera PanamaThursday, November 29, 2012 Inmet Mining, which owns the copper mining megaproject in Panama, has rejected a $4.89 billion takeover bid. First Quantum Minerals Ltd, a larger mining company based in Canada, made an unsolicited offer of $4.89 billion, or $70 per share for Inmet Mining, which was rejected by its board, for being "highly conditional" and not in the best interest of its shareholders. Cobre Panama to Sell $1 billion in BondsTuesday, May 8, 2012 The Canadian owned mining company owner is not looking for more equity partners, but will instead fund development of the mine by issuing bonds. The reduction of risks to the project has enabled it to seek finance by issuance of debt, whose principal will mature in 2020. This will not alter, in principle, the current composition of capital, of which 80% is owned by Inmet Mining Corp. Panama: Petaquilla copper project moves aheadThursday, October 30, 2008 Inmet Mining Corp will continue with the Petaquilla copper project for at least through out the permit request phase. Then they will make a final decision on construction based on the price of the metals at that moment, they said. "We believe (...) that it is appropriate to continue at Petaquilla, but we continue to be disciplined and will find the proper balance between continuing with the project and maintain our money in reserve," the president of operation of Inmet, Jochen Tilk, said during a teleconference. |
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