June 2 (Reuters) - Inmet Mining Corp:
* Announces understanding to exchange 18 percent interest in Ok Tedi Mining Ltd for 5 percent net smelter return royalty
* Says would, at closing, receive a payment equal to 18 percent of Ok Tedi's
working capital
* Says term of the nsr would be expected to commence on or about August 1, 2009
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
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* Announces understanding to exchange 18 percent interest in Ok Tedi Mining Ltd for 5 percent net smelter return royalty
* Says would, at closing, receive a payment equal to 18 percent of Ok Tedi's
working capital
* Says term of the nsr would be expected to commence on or about August 1, 2009
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.