Taseko Mines (TSX:TKO) is not giving up on its plan to build a large copper-gold mine in north-central British Columbia, despite two earlier rejections by the Government of Canada.
Taseko Mines Mining News
The news comes two weeks after Taseko revealed it was considering restarting the molybdenum circuit at Gibraltar mine, which has been idled since the third quarter of 2015 due to low metal prices.
Raging River Capital LP is leading a bitter proxy battle against some of the company’s key directors.
The Federal Court has rejected an application by Taseko Mines Ltd. (TSX:TKO) to sue the federal government for rejecting its gold-copper mine in the Cariboo-Chilcotin, but will allow judicial reviews to proceed.
This new mine plan is a result of a detailed, six-month engineering study and forms the basis of an updated NI 43-101 compliant reserve.
Marilyn Baptiste, a Tsilhqot’in First Nation councillor who was on the front lines in the fight against the Prosperity and New Prosperity mine is in San Francisco has received an international environmental award worth $175,000.
The B.C. Supreme Court case examining the defamation suit launched by Taseko Mines Ltd. against the Wilderness Committee will resume March 31.
Wilderness Committee is in court this week defending itself against a defamation suit over the New Prosperity Mine.
The company has entered the Environmental Assessment Review process for its Aley Mine project with the British Columbia Environmental Assessment Office (BCEAO).
Suit is significant for who it is naming.
The all-share deal that guarantees Taseko access to the advanced-stage Florence copper project.
Miner confident project will move forward.
The bank suggests Taseko should merge with other fellow Canadian miners and form “B.C. Mining Inc,” creating a significant producer with low political risk.
In the first quarter 2014, total production was 34.5 million pounds of copper and 566 thousand pounds of molybdenum, a 49% and 59% increase, respectively, since the first quarter 2013.
Canada should allow more private ownership of mineral rights, particularly from First Nations, says the Fraser Institute latest report.
Prime Minister Stephen Harper says the weight of the environmental assessment compelled his government to reject the New Prosperity mine proposal.
The federal government has once again stood in the way of the development of an important project to British Columbia.
"Significant adverse environmental effects that cannot be mitigated."
B.C. saw several projects expand, as well as new mines to begin construction, which drove job creation. But mining also faced opposition and labour shortage.
The protest comes at a critical time for the New Prosperity mine.
Responsible mining is 'one of the most viable ways to sustain our communities,' said Williams Lake mayor.
Vancouver-based Taseko Mines is asking a federal court to set aside a panel's findings related to damage to water resources at its New Prosperity copper-gold project in BC.
In anticipation of this report, Taseko wishes to inform the many stakeholders who have been involved in the environmental assessment over the past 24 months of the remaining steps in the process.
Taseko Mines is optimistic that the federal government will this time give a green light.
Federal environmental agency rejected the proposal in 2010.