Inmet Mining Corporation

Inmet Mining Corporation

April 19, 2010 08:50 ET

Inmet Mining Announces End of Ok Tedi Strike Action

TORONTO, CANADA--(Marketwire - April 19, 2010) - Inmet Mining Corporation ("Inmet") (TSX:IMN) announced today that the illegal strike action at the Ok Tedi mine by employees who are members of the Ok Tedi Mining and Allied Workers Union has ended. Ok Tedi's management has advised that employees returned to work as of April 17, 2010.

The strike action will result in lost production at Ok Tedi of approximately 5,000 tonnes of 2010 copper production (Inmet's share - 900 tonnes) and 18,000 ounces of 2010 gold production (Inmet's share - 3200 ounces). Ok Tedi was able to complete significant scheduled maintenance work planned for later in the year during the strike action. This should allow Ok Tedi to work towards making up a portion of the lost production.

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, Pyhasalmi, Troilus and Ok Tedi. We also have a 100 percent interest in Cobre Panama, a development property in Panama.

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Contact Information

  • For media enquiries:
    Inmet Mining Corporation
    Jochen Tilk
    President and Chief Executive Officer
    (416) 860-3972