Inmet Mining

Inmet Mining Corporation

Industry	Mining
Founded	1987 (1987)
Defunct	March 22, 2013 (2013-03-22)
Fate	Acquired by First Quantum Minerals
Headquarters	Toronto, Ontario , Canada
Number of locations	Mexico, Peru, Spain, Panama, Chile and Finland
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.

The company was founded in 1987.

In 1996, the company commissioned the Troilus mill, which began production in 1997.¹ Homestake Mining Company agreed to acquire a majority interest in the mine in 1997 but backed out of the deal.² The mine was shut in 2010.¹

In 2003, the company acquired a mine in Turkey from Teck Resources.³

In April 2004, the company agreed to merge with Aur Resources but the transaction was called off in June 2004.⁴

In May 2008, the company took over management of the mine in Petaquilla.⁵

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.⁶

In March 2013, First Quantum Minerals acquired the company for C$5.1 billion in a successful hostile takeover bid.⁷