Taseko files lawsuit against Ottawa over B.C. gold and copper mine decision

Times Colonist | February 14, 2016 | 2:06 pm Base Metals Precious Metals Copper Gold

Image courtesy of Taseko Mines.

Taseko Mines Ltd. (TSX: TKO) is suing the federal government in B.C. Supreme Court and seeking unspecified compensation for a 2014 decision that blocked development of a proposed $1.5 billion gold and copper deposit.

The Vancouver-based company claims that the government and its agents — including the environment minister at the time — failed to meet their legal duties to Taseko when they blocked the New Prosperity project.

Taseko also alleges, among other things, that its property was effectively expropriated without compensation when a federal cabinet decision on Feb. 25, 2014, made its mineral rights essentially worthless.

Read more