First Quantum ups bid for junior miner Inmet
Dec 17, 2012 | 10:45 AM
| Claire Hack
LONDON Global copper miner First Quantum Minerals Ltd. says it plans to make an unsolicited Canadian $5.1-billion ($5.2-billion) offer for Toronto-based copper and zinc miner Inmet Mining Corp.
This represents an increase from its previously rejected offer of $4.89 billion.
According to First Quantum, the combined entity could potentially be one of the worlds five largest copper producers.
"First Quantums demonstrated project execution, reflecting its in-house engineering, project management and construction expertise, gives it the confidence that it can bring significant benefits to Inmets major project, Cobre Panama," the 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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.