Thanks for the link francois, here IMHO is a good reason to...

Thanks for the link francois, here IMHO is a good reason to redomicile to Canada.

Vale (NYSE:VALE), Teck (NYSE:TCK) and Freeport-McMoRan (NYSE:FCX) are some of the names analysts are throwing around as the next likely bidders for Inmet MiningCorp. (TSX:IMN), which owns the world’s second-biggest undeveloped copper deposit.

The Canadian company, which on Thursday rejected a $4.86 billion takeover offer from First Quantum Minerals (TSX:FM), has become an attractive target for major miners looking to boost their copper assets.

According to David Baskin, president of Toronto-based Baskin Financial Services Inc., Brazil’s Vale would be a logical buyer. He told Bloomberg News he expected Inmet to “go into play” if there are any trace of interest coming from any of the giant global miners.

“If you start seeing signs of interest from those guys, you will get a bidding war,” said Baskin, whose company manages about $440 million and owns about 120,000 Inmet shares. He added that Inmet is probably worth $85 a share.

Even in Panama tailings could be a masive issue.

Canadian miners Petaquilla Minerals Ltd. (TSX:PTQ) and Inmet Mining Corp. (TSX:IMN) have been on the news in recent weeks as the companies locked horns over land rights near the Cobre Panama copper project, run by Inmet’s subsidiary Minera Panama.

Media has mostly reported on the failed hostile takeover bid of Petaquilla by Inmet, a transaction that was valued in about $140 million.

What hasn’t been widely reported is that behind Inmet’s bid there was an attempt to solve a land rights dispute, which would have smoothed the construction and permitting of Cobre Panama, local sources told MINING.com.

At the heart of the conflict lies the fact that, without an agreement with Petaquilla, Inmet’s Minera Panama may not be able to place a tailings facility within the Rio San Juan and La Esperanza concessions. This is an area comprised of 11,145 hectares, which Petaquilla has the rights to explore since 2007, as granted by the country’s Department of Mineral Resources.

According to our sources, the battle is likely to delay the necessary permits for Inmet to go ahead with Cobre Panama, expected to become the second most important copper mine in the world.

http://www.mining.com/what-makes-canadian-miners-petaquilla-and-inmet-fight-in-panama-69353/

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