Franco-Nevada (FNV) is committing $1B to Inmet (IEMMF.PK) for development of the Cobre Panama...

|About: Franco-Nevada Corporation (FNV)|By:, SA News Editor

Franco-Nevada (FNV) is committing $1B to Inmet (IEMMF.PK) for development of the Cobre Panama project, so it has a unique interest in First Quantum’s (FQVLF.PK) $5.1B hostile bid for Inmet. FNV CEO David Harquail says he is impressed with Inmet’s handling of the project so far, and harbors doubts about First Quantum’s proposal to build the mine for significantly less money.