UPDATE 1-Miners at Inmet’s Ok Tedi ops resume work

* Says miners returned to work as of April 17

* Says strike will slightly hurt 2010 copper, gold output

TORONTO, April 19 (BestGrowthStock) – Canada’s Inmet Mining Corp
(IMN.TO: ) said on Monday that miners at its Ok Tedi copper-gold
mine in Papua New Guinea have ended their strike and returned
to work as of April 17.

Earlier this month, Inmet said the mine was subject to what
it called an “illegal work action” by union employees that was
likely to hurt its 2010 production outlook.

Toronto-based Inmet said it expects the strike to have
resulted in 5,000 tonnes of lost copper production in 2010 and
18,000 ounces of lost gold production.

However, Inmet owns only a portion of Ok Tedi and its share
of the production loss equates to 900 tonnes of copper and 3200
ounces of gold, the company said in a statement.

The other stakeholders in Ok Tedi are the Papua New Guinea
Sustainable Development Program Ltd and the Papua New Guinea
government.

Inmet said Ok Tedi was able to complete a significant part
of its scheduled maintenance work during the strike, which
should allow it to make up a portion of the lost production.

Investment
(Reporting by Euan Rocha; Editing by Derek Caney)

UPDATE 1-Miners at Inmet’s Ok Tedi ops resume work