Inmet Mining
title: "Inmet Mining" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["1987-establishments-in-ontario", "2013-mergers-and-acquisitions", "companies-formerly-listed-on-the-toronto-stock-exchange", "defunct-mining-companies-of-canada"] topic_path: "geography/canada" source: "https://en.wikipedia.org/wiki/Inmet_Mining" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0
::data[format=table title="Infobox company"]
| Field | Value |
|---|---|
| name | Inmet Mining Corporation |
| logo | [[Image:Inmet Mining logo.svg |
| foundation | |
| defunct | |
| fate | Acquired by First Quantum Minerals |
| location_city | Toronto, Ontario |
| location_country | Canada |
| locations | Mexico, Peru, Spain, Panama, Chile and Finland |
| industry | Mining |
| net_income | $264 million (2011) |
| :: |
| name = Inmet Mining Corporation | logo = [[Image:Inmet Mining logo.svg|Inmet Logo|175px]] | foundation = | defunct = | fate = Acquired by First Quantum Minerals | location_city = Toronto, Ontario | location_country = Canada | locations = Mexico, Peru, Spain, Panama, Chile and Finland | industry = Mining | net_income = $264 million (2011) Inmet Mining Corporation was a mining company headquartered in Toronto. In 2013, the company was acquired by First Quantum Minerals in a hostile takeover.
The company held an 18% stake in Ok Tedi Mining Limited. The company had mines in Çayeli, Turkey; Las Cruces, Spain; and Pyhäsalmi, Finland. It was also developing a mine in Cobre Panama, Panama.
History
The company was founded in 1987.
In 1996, the company commissioned the Troilus mill, which began production in 1997. The mine was shut in 2010.
In 2003, the company acquired a mine in Turkey from Teck Resources.
In April 2004, the company agreed to merge with Aur Resources but the transaction was called off in June 2004.
In May 2008, the company took over management of the mine in Petaquilla.
In January 2011, Lundin Mining agreed to combine with the company but in March 2011, the deal was called off after failing to win shareholder support.
In March 2013, First Quantum Minerals acquired the company for C$5.1 billion in a successful hostile takeover bid.
References
References
- (November 17, 2003). "Inmet wins B.C. court decision against Homestake". [[The Globe and Mail]].
- (April 8, 2014). "Copper One acquires past producing Troilus Mine from First Quantum Minerals". [[CNW Group]].
- (April 29, 2003). "Inmet to buy Teck's Turkish unit". [[The Globe and Mail]].
- STUECK, WENDY. (June 29, 2004). "Aur, Inmet call off merger". [[The Globe and Mail]].
- (May 14, 2008). "Inmet takes reins at Petaquilla project". [[The Globe and Mail]].
- (March 30, 2011). "Lundin and Inmet call off $9B mining merger". [[CBC News]].
- Jordan, Pav. (March 22, 2013). "Cobre Panama beckons as First Quantum seals Inmet takeover". [[The Globe and Mail]].
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