* Sees to produce 94,400 tonnes of copper from 3 assets
* Las Cruces to double production to 50,200 tonnes
* Sees to produce 80,500 tonnes of zinc across 2 mines
* Sees to close net smelter royalty sale in OK Tedi in Q1
Jan 13 Canada's Inmet Mining Corp IMN.TO
expects to produce 33 percent more copper in 2011, while
trimming its zinc production by 3 percent, across three of its
Inmet and Lundin Mining (LUN.TO) agreed to join forces to
create a C$9 billion ($9.1 billion) copper producer Wednesday.
Inmet expects to produce 94,400 tonnes of copper from its
Cayeli, Las Cruces and Pyhasalmi assets, up from the 71,200
tonnes estimated for 2010.
Las Cruces in Southern Spain is expected to produce 50,200
tonnes of copper in 2011, nearly double of 2010 expectations.
The company also sees to produce 80,500 tonnes of zinc from
Cayeli and Pyhasalmi mines in 2011, down from the 83,000 tonnes
estimated for 2010 from the same mines.
Inmet said the production forecast excludes production from
the Papua New Guinea-based OK Tedi mine, as it expects to close
its 5-percent net smelter royalty sale to OK Tedi Mining Ltd in
the first quarter.
Shares of Inmet closed at C$74.76 on Wednesday on the
Toronto Stock Exchange.
(Reporting by Abhiram Nandakumar in Bangalore; Editing by Don