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Gold/Mining/Energy : Inmet Mining.$$$$$$$$$$$ -- Ignore unavailable to you. Want to Upgrade?


To: Al Collard who wrote (28)3/19/2002 7:00:59 PM
From: Stephen O  Read Replies (1) | Respond to of 42
 
IMN CN: Closing of Cayeli Purchase
2002-03-14 18:24 (New York)



INMET MINING CORP ("IMN-T;IEMMF-0")
- Closing of Cayeli Purchase


Inmet Mining announced to-day that it has completed its purchase from
Gama Endustri A.S. of an additional 6% interest in Cayeli Bakir Isletmeleri
A.S., owner and operator of the Cayeli copper and zinc mine located in
northeastern Turkey. The transaction increases Inmet's interest in Cayeli
to 55%. Inmet will now fully consolidate Cayeli for accounting purposes.


Inmet
Inmet is a Canadian based international mining company. Inmet's mining
operations produce copper, zinc and gold, and Inmet's growth strategy is
focused on finding quality base metal reserves. Inmet's current operating
base consists of three competitive mining operations: Cayeli, Troilus and
Ok Tedi.