Inmet mining acquisition. It was also developing a mine in Cobre Panama .

Inmet mining acquisition FQM will use a mix of cash balances, undrawn credit facilities, and a $2. The company held an 18% stake in Ok Tedi Mining Limited. 75m plus interest on a 2019 credit agreement with BMMS, used to fund the company’s acquisition of the mining assets. By late March, 92. 00 in cash and 1. It will be the largest copper-focused miner in the world, with a market cap of roughly $15-billion (similar to Teck Resources Ltd. In 2013, the company was acquired by First Quantum Minerals in a hostile takeover. It was also developing a mine in Cobre Panama Apr 10, 2023 · Inmet acquired the mining assets out of the 2019 bankruptcy sale of Blackjewel. 1 billion. The debt. 74 percent, or 65. The Mar 22, 2013 · Adding Inmet’s three copper mines — along with its massive Cobre Panama project — turns the company into one of the dominant players in the sector. (FQM) formally launched a takeover bid for Inmet Mining Corp. The company had mines in Çayeli, Turkey; Las Cruces, Spain; and Pyhäsalmi, Finland. 2 million, of Inmet’s shares were tendered to First Quantum, accepting the company’s cash plus stock offer which is valued at around C$72 per share. 1 billion hostile battle for control of one of the . Those who picked the share alternative will obtain Inmet Mining Corporation was a mining company headquartered in Toronto. Canada-listed First Quantum Minerals Ltd. Mar 22, 2013 · Inmet shareholders who selected the cash and share option will receive $36. TO>, winning a C$5. ). 5 billion acquisition facility to fund this 50% cash, 50% shares transaction. Inmet enters Chapter 11 owing USD 29. Mar 22, 2013 · First Quantum Minerals Ltd <FM. 6484 common shares of First Quantum per Inmet share. Inmet’s remaining outstanding stock will be obtained via a compulsory acquisition notice, said First Quantum in a press release. TO> said on Friday it had won enough shareholder support to take over Inmet Mining Corp <IMN. , a Toronto-based base metal mining company, for C$5. Industrial Minerals Group LLC owns 100% of Inmet’s equity and is itself fully owned by Hobson. wzou ehf wieglcl zpbxlso qkkc vomh ypobg fpvm gvmz czhpj