Taseko talks boost in Gibraltar stake

Taseko Mines Ltd. says it is in talks regarding a potential deal to increase its stake in its Gibraltar copper mine in B.C. The firm says it has been in confidential discussions with Sojitz Corp. regarding the potential purchase of its 12.5 per cent effective interest in the mine. Taseko owns 75 per cent cent of the joint venture that operates Gibraltar, while Cariboo Copper Corp. owns the other 25 per cent. Sojitz Corp. owns a 50 per cent stake in Cariboo.