Ok Tedi mine, Papua New Guinea

A copper/gold mine situated in Papua New Guinea.

PNG's Ok Tedi sees lower copper output, may extend mine

Papua New Guinea's Ok Tedi mine is expected to produce 160 000 t of copper in 2010, down from 166 000 t in 2009, Ok Tedi general manager Ian Sheppard said on Tuesday. He also told a conference in Sydney that a study was due in mid 2011 to look at...

Inmet will sell Ok Tedi royalty for $335m

Inmet Mining has agreed to sell a 5% net smelter royalty on the Ok Tedi operation in Papua New Guinea to mine's owner for $335-million, the Toronto-based company said on Thursday. Inmet announced last year it would swap its 18% equity interest in...

Inmet agrees to buy rest of Las Cruces mine

Toronto-based Inmet Mining has agreed to buy the 30% it does not own in the Cobre Las Cruces copper mine in Spain for $552-million, the firm said late on Monday. Inmet will pay Leucadia National Corporation $150-million in cash and $330-million...

Inmet Q3 profit up as prices rise

Toronto-based Inmet Mining earned C$86,1-million in the third quarter, an increase of 40% compared with a year earlier, after metals prices rose year-on-year and the company included earnings and cash flow from its new Las Cruces mine, in Spain....

Inmet submits Panama project ESIA

TSX-listed Inmet Mining has submitted the environmental and social impact assessment (ESIA) for its Cobre Panama copper project to regulatory authorities in Panama, the company said on Monday. The 14 913-page ESIA was prepared by Golder Associates.

Inmet Q2 profit falls 27%

Canadian base-metals miner Inmet Mining earned C$48,44-million in the second quarter, a decline of 27% compared with a year earlier, because of foreign exchange losses. Inmet recorded foreign exchange losses on C$21-million on the repatriation of...

Worker dies after accident at Inmet mine

A contractor at Inmet Mining's Las Cruces operation, in Spain, has died after being involved in an accident at the mine on May 25, the firm said on Friday. Perez Bernal was one of three workers involved in the accident, and the other two were...

Inmet could retain 60% of Panama copper project

Toronto-based Inmet could reduce its holding in the large Cobre Panama copper project to around 50% to 60%, CEO Jochen Tilk told Mining Weekly Online on Tuesday. Inmet has already sold an option to buy 20% of the project to Korea-owned LS-Nikko,...

Inmet earnings up 56% y-on-y

Toronto-based Inmet Mining increased profit 56% in the first quarter, as the company benefited from higher copper and zinc prices, it said on Tuesday. Net income rose to C$79,87-million, from C$51,33-million a year earlier.

Ok Tedi strike called off – Inmet

Union members have called off an illegal strike at the Ok Tedi mine, in Papua New Guinea, and returned to work on Saturday, Canada's Inmet Mining reported on Monday. Inmet owns 18% of Ok Tedi Mining.

Ok Tedi strike will knock output – Inmet

Toronto-based Inmet Mining expects an illegal strike at the Ok Tedi mine, in Papua New Guinea, to reduce the company's total production this year by about 80 t of copper and 300 oz of gold for each day the action continues. Inmet owns 18% of Ok...