First Quantum Minerals Wins $5 Billion Bid for Inmet with Shareholder Support

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.

To view the whole Reuters report, click here.