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Inmet Mining is in talks with second partner for $5 billion Cobre Panama project

Thursday, October 28, 2010


Canada’s Inmet Mining is in discussions with a second potential partner on its Cobre Panama project, and could lower its own interest in the asset to between 50 and 55 percent if the talks are successful, chief executive Jochen Tilk said.

Inmet still intends to continue as the operator of the project, he said. Tilk also said that Inmet is interested in acquisitions, particularly of producing copper assets, but noted that current market conditions make it difficult to put together an accretive transaction.

Original source: Creamer’s Mining Weekly