Taseko Mines has successfully completed the acquisition of an additional 25% interest in Cariboo Copper. The stake was acquired from Furukawa, marking a significant step in Taseko’s strategy to bolster its presence in the copper mining sector.
Cariboo Copper, affiliated with Taseko Mines, engages in the exploration and development of copper and other metal resources. This acquisition aligns with Taseko Mines’ core focus on expanding its copper mining operations.
The deal, completed on March 25, 2024, reflects Furukawa’s strategic decision to divest its shares in Cariboo Copper. This move came in the wake of Furukawa terminating its copper smelting contract with Onahama Smelting and Refining. The termination resulted in a decreased need for copper concentrate for production purposes, leading to a downsizing of Furukawa’s copper production activities.
With this acquisition, Taseko Mines strengthens its portfolio and reaffirms its commitment to the copper mining industry. The addition of the 25% stake in Cariboo Copper Corp enhances Taseko’s ability to develop and operate significant copper resources. 
