http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/analysts-bet-on-inmet-bidding-war-as-rivals-eye-copper-prize/article5790584/

“Cobre Panama is a large project with an attractive cash cost profile and opportunities for expansion that is fully permitted and essentially fully funded. It is well known to many senior mining companies worldwide that looked at it when Inmet unsuccessfully sought a third partner.”

Toronto-based Inmet is developing the $6.2-billion (U.S.) Cobre Panama project that will produce some 300,000 tonnes of copper a year for 30 years, making it one of the largest undeveloped copper resources in the world and putting it on a scale with major mines in Chile and Peru.

The bid for Inmet underscores growing concerns about scarce new copper supplies in coming years as the global economy recovers and China resumes aggressive urban development.

Even with Europe in recession and many other economies still struggling for solid footing, the world is seen consuming more copper this year than miners can produce.