First Quantum ups bid for junior miner Inmet

Dec 17, 2012 | 10:45 AM | Claire Hack

Tags  zinc, copper, Inmet, First Quantum

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 world’s five largest copper producers.

"First Quantum’s demonstrated project execution, reflecting its in-house engineering, project management and construction expertise, gives it the confidence that it can bring significant benefits to Inmet’s major project, Cobre Panama," the company said. ....

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