Taseko Mining should be hearing today from the Canadian Environmental Assessment Agency on whether the revised Prosperity Mine proposal can go ahead.
Taseko Mines (TSE:TKO) estimates its proposed New Prosperity copper-gold mine, to built in near Williams Lake in British Columbia, would generate $9.8 billion in tax revenues for the federal and BC government over the next 20 years.
The Vancouver-based company is taking another run at developing the $1.5-billion project after the federal government rejected it last fall.
The gold-copper project raised the ire of environmentalists and First Nations groups for the proposed destruction of a lake to be used as a tailings impoundment. A provincial environmental assessment process had approved the project, but the federal government’s own review rejected it last November.