Inmet to keep 80% of Cobre Panama, remains ‘open minded’

Panama mine developer Inmet Mining on Monday said it would hold on to its 80% interest in the Cobre Panama copper/gold/molybdenum project, while CEO Jochen Tilk added that the company remained “open minded” to potential suitors. The company,...

Inmet eyes bigger mine at Cobre Panama

Inmet Mining, the Toronto-based miner that saw a 67% drop in fourth-quarter profit to C$48-million, is considering expanding its big Cobre Panama copper project in Central America, but only at a later stage, CEO Jochen Tilk said on Friday. “The...

Inmet Mining posts lower Q4 profit

Canadian base metal miner Inmet Mining said on Thursday its fourth-quarter profit fell 67%, on the back of lower copper and zinc prices. Toronto-based Inmet said its net income in the quarter was C$48-million, or 69 Canadian cents a share, down...

Inmet says 2012 zinc output to fall

Canadian base metals producer Inmet Mining produced 84 800 t of copper and 80 400 t of zinc in 2011, slightly below what it had expected, the company said after markets closed on Monday. The Toronto-based firm, which owns shares in base-metals...

Inmet gets environmental green light for Panama project

Toronto-quoted Inmet Mining said on Tuesday Panama had granted its Cobre Panama copper project environmental approval, as well as port facilities and a coal-fired power plant. With the approvals in place, a Korean consortium now has until January...

Inmet talking to big guns about Panama potential partnership

TSX-listed Inmet Mining, which ditched plans to merge with Lundin Mining in March, said most major mining companies had expressed interest in buying a 40% stake in its Cobre Panama copper project, and that it had signed nine confidentiality...

Cobre Panama mine, Panama

An openpit mine situated 120 km west of Panama City.

Inmet cuts 2011 guidance, Oks Panama project development

Inmet Mining's second-quarter profit fell 18% compared with a year earlier, after higher metals prices and additional earnings from a new mine in Spain were offset by lower copper sales volumes, mainly related to shipment timing. Inmet said late...

Latest pumps launched in US

US-based pumps manufacturer Hydroflo Pumps reports that it has launched its range of lost-wax process investment cast, 316 stainless steel, vertical and submersible turbine pumps, suitable for dewatering mining sites.

Inmet wary of M&A, still hopeful on coal power for Panama copper mine

The heated copper environment at the moment makes it “very difficult” to enter a deal without ending up in some kind of bidding war, and then risk overpaying for an asset, Inmet Mining CEO Jochen Tilk said on Friday. Inmet broke off a merger...

Vale mulling 63% iron-ore production increase by 2015

Reviewing the worldwide iron ore market, Brazilian diversified mining giant Vale’s global sales director Michael Zhu told a recent mining conference in Singapore that there “will be no additional supply coming to the market this year and...

Lundin adopts rights plan, mulls options after Inmet deal called off

Lundin Mining and Inmet Mining have broken off plans to combine their companies, because they did not expect shareholders would support the deal, the firms announced on Tuesday evening. Lundin said separately that it has adopted a shareholder...