First Quantum takes over Inmet: a new copper giant is born

By Cecilia Jamasmie

After months of negotiations, Canada’s biggest pure copper player First Quantum Minerals (TSX:FM)(LON:FQM) has acquired the 85.5% of the outstanding shares in Inmet Mining Corp. (TSX:IMN) and extending the deadline by 10 days.

The Vancouver-based company said in a statement Friday that the combination of the both firms’ assets has created one …read more