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Canadian miners in multi-billion Panama copper battle

Thursday, January 10, 2013

The battle between Canada's First Quantum and Inmet Mining over the Cobre Panamá copper project has been heating up.

First Quantum sent an offer directly to Inmet's shareholders, with a 15-day deadline for a response.

First Quantum is offering $5.1 billion for the takeover, and its representatives say it could develop the mine at a significantly lower cost than Inmet.

Full story (in Spanish)