Inmet takes full control of Spain’s Las Cruces copper mine

Dec 01, 2010 | 01:30 PM |

Inmet Mining Corp. plans to buy Leucadia National Corp.'s stake in the Cobre Las Cruces open-pit copper mine in Spain.

Inmet will exchange $150 million in cash and $330 million in the form of its common shares for Leucadia's 30-percent stake in the mine and assume subordinated sponsor loans to take....

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