Canadian copper miners, Inmet Mining and Lundin Mining, have decided to merge their operations, The Wall Street Journal reports. The new company, which will be called Symterra, will have a market value of around $9.1 billion. Inmet CEO, Jochen Tilk will become the CEO of the new merged company, while Lundin Chairman, Lukas Lundin will take up the same post. After the deal is completed, Inmet shareholders will own about 53% of Symterra and Lundin investors will control the rest, adds Bloomberg.
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