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Canada's Inmet aims to buy Petaquilla in Panama

Thursday, September 6, 2012

Base-metal producer Inmet Mining said it intended to make a $112-million takeover offer for Panama-based Petaquilla Minerals.

Inmet is developing the $6.2-billion Cobre Panama copper/gold porphyry project, Panama's largest mine development.

The company said it intended to continue operating Petaquilla's Molejon gold mine, which is adjacent to Cobre Panama.

Source: Mining Weekly