Taseko to acquire the remaining 12.5% stake in Cariboo Copper from Dowa Metals & Mining and Furukawa for CAD142m.

Taseko, a copper mining company, agreed to acquire the remaining 12.5% stake in Cariboo Copper, a copper mine, from Dowa Metals & Mining, a provider of metals products, and Furukawa, a machinery industry company, for CAD142m. "We are happy to once again own 100% of the Gibraltar mine, our foundational asset, which will continue to generate strong returns for the Company for many years to come. This acquisition provides 14% growth in our attributable copper production, and is immediately cashflow accretive as we advance construction at our Florence Copper Project," Stuart McDonald, Taseko President and CEO.