First Quantum offers $5 billion for Inmet Mining
Vancouver-based First Quantum Minerals has renewed its ambitions to become a top-tier copper producer by launching a new, unsolicited $5.1-billion bid to take over copper-mining rival Inmet Mining.
On Sunday, First Quantum announced its intent to proceed with a hostile offer for the company, touting the combined entity as potentially "one of the world's five largest copper producers with a leading growth profile."
And First Quantum would go from being a significant producer with a flagship mine in Zambia to a major producer.
Source: Canadian Press