Inmet Mining Corporation was a mining company headquartered in

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the anch ...

. In 2013, the company was acquired by

First Quantum Minerals First Quantum Minerals is a Canadian-based mining and metals company whose principal activities include mineral exploration, development and mining. Its main product is copper, which accounts for 80% of revenues as of 2016. First Quantum's com ...

. The company held an 18% stake in

Ok Tedi Mining Limited Ok Tedi Mining Limited is a Papua New Guinean company that administers the Ok Tedi Mine in the northern part of the Western Province. Its main office is located in Tabubil and the building is known as the White House. Its chairman, since 2014, h ...

. The company had mines in

Çayeli Çayeli ( lzz, მაფავრი, ) is a town and district of Rize Province on the Black Sea coast of eastern Turkey, 18 km east of the city of Rize. ''Çay'' means ''tea'' in Turkish and a large percentage of Turkey's tea is indeed gr ...

Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a small portion on the Balkan Peninsula in ...

; Las Cruces,

Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , i ...

; and Pyhäsalmi,

Finland Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of B ...

. It was also developing a mine in Cobre Panama,

Panama Panama ( , ; es, link=no, Panamá ), officially the Republic of Panama ( es, República de Panamá), is a transcontinental country spanning the southern part of North America and the northern part of South America. It is bordered by Co ...

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 Teck Resources Limited, known as Teck Cominco until late 2008, is a diversified natural resources company headquartered in Vancouver, British Columbia, that is engaged in mining and mineral development, including coal for the steelmaking indust ...

. 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,

acquired the company for C$5.1 billion.

References

{{Reflist, 1 1987 establishments in Ontario 2013 mergers and acquisitions Companies formerly listed on the Toronto Stock Exchange Defunct mining companies of Canada