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Outokumpu, Inmet wrap up Pyhasalmi sale

FINNISH metals group Outokumpu has said it expects to post a EUR6 million (US$5.3 million) gain during the current quarter from the sale of its Pyhasalmi copper-zinc mine in Finland to Canada's Inmet Mining.

Greg Tubby
Outokumpu, Inmet wrap up Pyhasalmi sale

Under the deal outlined in December, Outokumpu received from Inmet EUR45 million in cash, a EUR14 million 10-year promissory note, and 4 million Inmet shares. "At the current price level of Inmet's shares,...

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