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TGB NEWS! Taseko to Receive $180 Million to Joint Venture 25% of Gibraltar Mine
Press Release
Source: Taseko Mines Limited
On 12:09 pm EST, Monday November 30, 2009
Buzz up! 1 Print.Companies:Taseko Mines Ltd.
VANCOUVER, Nov. 30 /PRNewswire-FirstCall/ - Taseko Mines Limited (TSX: TKO; NYSE AMEX: TGB) ("Taseko" or the "Company") announces that it has signed a letter of intent with Sojitz Corporation ("Sojitz") to establish by early 2010 a joint venture over Taseko's Gibraltar copper/molybdenum mine in which Taseko will hold 75% and Sojitz 25%. Sojitz will pay approximately $180 million to Taseko for its 25% interest. Taseko will continue to be the operator of Gibraltar.