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Private company

Inmet Mining

Logo: Inmet Mining, Public domain, via Wikimedia Commons3

Canadian mining company

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.2 It employed 1,280 people.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1987Founded1

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Inmet Mining Corporation was a mining company headquartered in Toronto. In 2013, the company was acquired by First Quantum Minerals in a hostile takeover.2

The story

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.

From Wikipedia’s article on Inmet Mining, shared under CC BY-SA 4.0.4

Timeline

  1. 2013Dissolved Dissolved1
  2. 1987Founded Founded1

Sources

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