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mjkiii

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mjkiii

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Monday, 03/11/2013 8:47:15 AM

Monday, March 11, 2013 8:47:15 AM

Post# of 26631
First Quantum in morning news re-cap.
3/11/2013.

First Quantum Minerals Ltd. (FM) rose 6.2 percent to C$20.42 ahead of a March 11 deadline for its C$5 billion hostile takeover bid for Inmet Mining Corp. The bid received approval from Canada’s ministers of industry and state today, even as Inmet’s board sent a letter to shareholders advising them to reject the offer.

Inmet shares added 1.2 percent to C$68.52. The company said it is in talks to sell a minority stake in its Cobre Panama copper project.
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