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November 29, 2015 4:41 AM ET

Metals and Mining

Company Overview of Inmet Mining Corporation

Company Overview

Inmet Mining Corporation engages in the exploration, development, and mining of base metal properties. The company primarily explores for copper and zinc; and produces copper cathodes and concentrates, zinc concentrates, and a pyrite concentrate, as well as produces gold, silver, and pyrite as by-products. It owns a 100% interest in the Çayeli underground mine on the Black Sea coast of northeastern Turkey; Las Cruces, an open pit mine located in the Sevilla Province of southern Spain; and Pyhäsalmi, an underground copper and zinc mine in central Finland. The company also has 80% interest in the Cobre Panama, an open pit copper development project in Panama. Inmet Mining Corporation was found...

330 Bay Street

Suite 1000

Toronto, ON M5H 2S8


Founded in 1987

1,390 Employees





Key Executives for Inmet Mining Corporation

Chair of the Board and Chief Executive Officer
Age: 67
Chief Executive Officer of Minera Panamã¡ S.A and President of Minera Panamã¡ S.A
Managing Director, Çayeli Bakir Isletmeleri
Managing Director, Pyhäsalmi Mine Oy
Managing Director, Cobre Las Cruces, S.A.
Compensation as of Fiscal Year 2015.

Inmet Mining Corporation Key Developments

Inmet Presents at World Congress on Industrial Biotechnology, May-12-2014

Inmet Presents at World Congress on Industrial Biotechnology, May-12-2014 . Venue: Philadelphia, Pennsylvania, United States.

Inmet Mining Corporation Announces Early Results of Exchange Offer

First Quantum Minerals Ltd. announced early results for its previously announced offer to exchange (exchange offer) any and all 8.75% Senior Notes due 2020 (existing 2020 notes) and any and all 7.50% Senior Notes due 2021 (existing 2021 notes and together with the existing 2020 notes, the existing notes) issued by Inmet Mining Corporation (now FQM (Akubra) Inc.) (Akubra) for 6.75% Senior Notes due 2020 and 7.00% Senior Notes due 2021, to be issued by First Quantum (new notes), and the related consent solicitation with respect to the existing notes. Based on information provided to the company by Citibank, N.A., London Branch, the exchange agent, as of 11:59 p.m., New York City time, on February 7, 2014, holders of approximately $1,449,304,000, or 97.3% of the aggregate principal amount outstanding, of the existing 2020 notes and $498,813,000, or 99.8% of the aggregate principal amount outstanding, of the existing 2021 notes had validly tendered their existing notes in the exchange offer. Accordingly, Akubra has received consents in the solicitation sufficient to approve the proposed amendments to the indentures governing the existing notes. The company expects that, on or about February 12, 2014, it will issue an aggregate principal amount of $2,229,894,000 of new notes in the exchange offer and will execute supplemental indentures to give effect to the proposed amendments to the existing notes. The exchange offer and solicitation will expire at 11:59 p.m. New York City time on February 24, 2014, unless extended or terminated. Valid tenders of the existing notes must be made at any time before the exchange offer expires.

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