TSXV:CAV.H - Post by User
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VoodooQCon Sep 08, 2012 10:49am
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Post# 20336908
Could Inmet be the 3rd party BMO is talking with?!
Could Inmet be the 3rd party BMO is talking with?!
By Michelle Yun - May 7, 2012 4:13 PM ET
Inmet Mining Corp. (IMN), the developer of the $6.2 billion Cobre Panama copper mine, plans to sell $1 billion of bonds to help fund the operation instead of selling a stake in the project.
The senior unsecured notes will mature in 2020, the Toronto-based company said in a statement dated yesterday. Inmet owns 80 percent of the mine and the balance is held by Korea Panama Mining Corp., a venture between LS-Nikko Copper Inc. and Korea Resources Corp.
https://www.bloomberg.com/news/2012-05-07/inmet-to-sell-1-billion-bonds-to-fund-panama-copper-mine.html