Inmet's Cobre Panama clears environmental hurdle

摘要

Inmet Mining (imn-t) shares surged 3.12 dollars apiece, or 4.76%, to close at 68.62 dollars in the new year after the company announced that the Panamanian government has approved an environmental and social impact assessment for its Cobre Panama copper project - including mining operations and related infrastructure, a port and a coal-fired power plant. Korea Panama Mining has until mid-January to acquire a 20% stake in the project for a 155-million US dollars investment. KPMC is a joint venture between Korea Resources Corp. and LS-Nikko Copper.