Inmet Mining and Petaquilla War Goes OnWednesday, September 26, 2012 Panama's government has rejected a request to reject exploration permits and mining operations at the San Juan area. 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. 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. 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 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. Inmet Sells 20% of Cobre Panama to Korean Holding CompanyTuesday, January 10, 2012 Inmet Mining Corp. has announced the sale of 20% of its copper mining project in Panama for $155 million. The buyer is Korea Panama Mining Corporation (KPMC), a holding company owned by the South Korean KS-Nikko Copper and the state run South Korean company Korean Resources Corporation. 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. 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. Hostilities between Inmet Minig and Petaquilla MineralsFriday, September 21, 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. On September 5 Inmet Mining announced its intentions for a hostile takeover of Petaquilla, the mining company owner of Mina Mollejón in Panama. 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. $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. 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.” 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. Minera Panama Could Extend Term for Mining OperationsFriday, June 3, 2011 The company, a subsidiary of Inmet Mining, has discovered a new highly mineralized deposit in areas under its concession. The operation of the new reservoir would extend the term of operation in the country to beyond 2045. |
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