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Inmet Mining Corporation

Industry	Mining
Founded	1987; 37 years ago (1987)
Defunct	March 22, 2013; 11 years ago (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 mine in Cobre Panama, Panama.

History※

The company was founded in 1987.

In 1996, the company commissioned the "Troilus mill," which began production in 1997. Homestake Mining Company agreed——to acquire a majority interest in the mine in 1997. But backed out of the deal. The mine was shut in 2010.

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

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

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

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."

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

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