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Taseko Mines Ltd T.TKO

Alternate Symbol(s):  TGB

Taseko Mines Limited is a Canada-based copper focused mining company. The Company's principal assets are the 100% owned Gibraltar mine (Gibraltar), which is located in central British Columbia and is one of the largest copper mines in North America and the Florence Copper project, which is under construction. The Company also owns the Yellowhead copper, New Prosperity gold-copper, and Aley niobium projects. The Florence Copper project is located south of Phoenix in the community of Florence, Arizona. The Yellowhead Project is located in the Thompson-Nicola region of British Columbia, approximately 150 kilometers (km) northeast of Kamloops near the town of Vavenby. The Aley niobium project is located in northeast British Columbia. The New Prosperity property is located in south-central British Columbia and hosts one of the most significant copper and gold deposits in Canada. It is also located in an area of cultural significance to the Tsilhqot'in Nation, known as Teztan Biny and Nabas.


TSX:TKO - Post by User

Bullboard Posts
Post by poservon Jan 21, 2009 1:55pm
466 Views
Post# 15718860

Article Part 2

Article Part 2

Environmentalists to warn U.S. Supreme Court not to follow Canada on mine tailings

By Bob Weber And Steve Mertl, The Canadian Press
"There are more (applications) coming down the pike," she said. "We're now facing a deluge of companies wanting to use natural water bodies."

That's what U.S. environmentalists are trying to avoid, said Dave Chambers, a geophysicist with the Center for Science in Public Participation, which also helped prepare the brief.

"You're ahead of us," he said. "The lesson there is that if this happens at Kensington, stand by, because there are going to be dozens of proposals to do the same thing.

"It's the cheap way to go, and that's what you're seeing in Canada."

But Gordon Peeling, chief executive of the Mining Association of Canada, defends Canada's regulations. He says the changes actually put tailings disposals under more environmental scrutiny.

Any such proposal must be examined by federal regulators and the local community, he said from Ottawa. The destruction of any fish habitat must be offset by improving other water bodies or through a cash payment.

Storing tailings under water minimizes leaching of contaminants from the ore, Peelings said. But steep terrain or geological risks sometimes make tailings ponds unfeasible, while lakes can act as natural containers.

"In certain geographic circumstances (a tailings pond) may result in greater terrestrial disturbance than comparative environmental impact on the lake."

Chris Doiron, chief of Environment Canada's mining and minerals section, said the new rules are actually tougher than the regulations they replace because they remove the decision from the fisheries minister's discretion and bump it up to the Treasury Board.

But Coumans remains skeptical.

"Once they've already made all their decisions they bring us in so they can say they've consulted nationally."

She says environmentalists believed the regulations were altered to legally grandfather five existing natural tailings ponds - not sanction new ones.

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