Taseko in discussions with Sojitz for Gibraltar share acquisition

6th February 2023

By: Reuters


Font size: - +

Canada-based Taseko Mines said on Friday it was in confidential discussions with Japanese trading house Sojitz over the potential purchase of the latter's share in Gibraltar Mines.

Taseko added that no binding agreement had been reached so far.

Sojitz said it is selling its 12.5% stake in the Canadian copper mine due to unstable operations, declining grade and increased risk of environmental liabilities, adding the deal will likely close by the end of March.

Gibraltar Mines is operated through a joint venture, with Taseko owning 75% and Cariboo Copper Corporation holding the rest. Sojitz owns 50% of Cariboo, with Furukawa and DOWA Holdings holding 25% each.

Furukawa and DOWA separately said they had made no decisions on the future of their stakes in the mine.

Edited by Reuters


The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?