First Quantum (FQVLF.PK) warns C$5.1B ($5.2B) takeover target Inmet Mining (IEMMF.PK) not to sell a minority stake in its Cobre Panama project, a major undeveloped copper reserve. Any attempt "would be inappropriate...and constitute an improper short term defensive tactic," said First Quantum. The comments are "hostile and counterproductive," said Inmet, which is considering selling a 10-20% stake in the mine.
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