23
Feb
12:30
Taseko Mines acquires an added 12.5% stake in Gibraltar copper mine
Taseko Mines says it has signed a definitive agreement to acquire an additional 12.5% interest in the Gibraltar copper mine in British Columbia, Kallanish reports.
Gibraltar is operated through a joint venture which is 75% owned by British Columbia-based Taseko and 25% by Cariboo Copper Corp. Taseko will acquire Sojitz Corp’s 50% interest in Cariboo and will hold an 87.5% interest in the Gibraltar Mine.
Taseko will pay a minimum payment of CAD 60 milli…
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