Inmet forging ahead with Panama’s Petaquilla project
Dec 19, 2008 | 12:38 PM
| Anne Riley
When cash-strapped Teck Cominco Ltd. pulled out of its joint-venture Petaquilla copper project last month, some questioned whether Inmet Mining Corp. would have the resources to plow ahead alone.
But Inmet has confirmed its commitment to develop the large-scale Panamanian copper mine, pledging Canadian $94 million ($76.6 million) toward the project in 2009, or 38 percent of next year's capital expenditure budget.
"We believe that our financial position will allow us to both sustain our business and continue to grow," the Vancouver, British Columbia-based company said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here