Inmet Mining Corporation

Inmet Mining Corporation

June 03, 2009 08:15 ET

Inmet Announces First Copper Production at the Las Cruces Mine

TORONTO, ONTARIO--(Marketwire - June 3, 2009) - Inmet Mining Corporation (TSX:IMN) announced today that at 11:00 a.m. Seville time, Cobre Las Cruces S.A. produced the first copper cathodes from its hydrometallurgical process plant. Las Cruces resumed mining activities at the bottom of the mine pit on April 29th and delivered the first truck load of ore to the crusher on May 26th.

Since then, Las Cruces has introduced the ore through the various stages of the process plant.

Jochen Tilk, President and Chief Operating Officer said "We are delighted that Las Cruces has now commenced copper production. This is the result of tremendously hard work by an exceptional team in Spain."

Over the coming months, Las Cruces will focus on ramping up production to reach the design capacity of 72,000 tonnes of cathode copper per year.

Forward looking information

Securities regulators encourage companies to disclose forward-looking information to help investors understand a company's future prospects. This press release contains forward-looking information. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements usually include words such as may, expect, anticipate, and believe or other similar words. Capital and operating cost estimates are forward-looking statements, and are based on assumptions that we believe to be reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our respective business or events that happen after the date of this press release. You should not place undue reliance on forward-looking statements.

About Inmet

Inmet is a Canadian-based global mining company that produces copper, zinc and gold. We have interests in five mining operations in locations around the world: Cayeli, Las Cruces, Pyhäsalmi, Troilus and Ok Tedi. We also have a 100 percent interest in the Petaquilla development property in Panama.

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Contact Information

  • Inmet Mining Corporation
    Jochen Tilk
    President and Chief Operating Officer
    (416) 860-3972