Inmet Seeks Control of Petaquilla Copper

Canadian miner Inmet has offered to purchase all outstanding shares of Petaquilla Copper, a Vancouver-based mining company that exploits a mining development of the same name in Panama, Inmet says. The offer will pays C$2 per share, Inmet adds. Petaquilla has more than 160m outstanding shares, according to the company’s website. Petaquilla is developing an area encompassing most of the mining district of Donoso in the province of Cocle in Panama, with a project area of 795 km2.