Taseko sells stake in molybdenum mine

Canada’s Taseko Mines Ltd intends to sell a 25% stake in its Gibraltar copper/molybdenum mine to Japanese trading house Sojitz Corp. for CAN 180 million, sending its shares up 17%. Vancouver-based Taseko, which signed a letter of intent with Sojitz to establish a joint venture by early 2010, will hold a 75% stake in the mine.
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