Taseko stake to cost $180m
Sojitz Corp., a Japanese-based trading company, has signed a letter of intent to buy a 25-per-cent stake in the Gibraltar copper-molybdenum mine from Vancouver-based Taseko Mines for about $180 million.
The joint venture, which is subject to due diligence by Sojitz, would see Taseko retain a 75-per-cent stake in the mine north of Williams Lake. The deal would provide Taseko a significant chunk of the equity needed to build a new mine at the Prosperity copper-gold property southwest of Williams Lake.
Source: Kelowna
