Inmet Mining News

Canada's Inmet Mining can go ahead with its Cobre Panama copper project

Canada's Inmet Mining (TSX:IMN) reached a milestone after the government of Panama approved the environmental and social impact assessment (ESIA) for its Cobre Panama copper project.

Reuters: Inmet profits from higher copper, Ok Tedi sale

Inmet Mining bettered its earnings in the first quarter compared to Q1 of last year, Reuters reported: Inmet Mining's (IMN.TO) first quarter profit rose on higher metal prices and higher sales volumes, the Canadian copper producer said on Thursday. Inmet earned C$59.4 million, or 97 Canadian cents a share, from continuing operations. That compared with C$49.4 million or 96 Canadian cents a share in the year-ago period. The Toronto-based company sold its 18 percent stake in Ok Tedi Mining for $335 million in January.

Cat fight looms over Lundin Mining assets

I've been predicting a cat fight over Lundin Mining's copper assets since HudBay's aborted takeover bid of the formerly cash-strapped miner in 2009.