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First Quantum Minerals Wins $5 Billion Bid for Inmet with Shareholder Support
Mar. 22, 2013 11:08AM PST
Base Metals Investing
Reuters reported that First Quantum Minerals announced that they have been given enough support from shareholders to win their $1.5 million hostile battle for Inmet Mining, which will give them access to one of the largest untapped copper deposits in the world, Cobre Panama
Reuters reported that First Quantum Minerals announced that they have been given enough support from shareholders to win their $1.5 million hostile battle for Inmet Mining, which will give them access to one of the largest untapped copper deposits in the world, Cobre Panama
As quoted in the market report:
First Quantum, which cut its teeth in Zambia as the country re-privatized its mines in the 1990s, is betting its hands-on approach to construction, procurement and supervision will help slash costs at Cobre Panama while keeping to deadlines.
