Mitsui to fund $50m towards building Taseko’s Florence Copper mine

TSX-listed Taseko Mines has partnered with trading and investment company Mitsui & Co to develop the Florence Copper project, in Arizona. Mitsui will invest an initial $50-million in the construction of a commercial production facility at Taseko's Florence project. The initial investment will be in the form of a copper stream agreement on 2.67% of the copper produced at Florence.