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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

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Post by coromandelon Apr 17, 2012 11:06am
489 Views
Post# 19802686

The tiresome battle

The tiresome battle

 

Taseko opponents don't buy line about saving Fish Lake

2012-04-16 15:28 PT - News Release

 

Ms. Marilyn Baptiste of Tsilhqot'in reports

TASEKO MINES' PR CAMPAIGN WILL NOT SAVE TEZTAN BINY

The Tsilhqot'in Nation has rejected claims by Taseko Mines Ltd. that Taseko's new Prosperity project will save Teztan Biny (Fish Lake). The Tsilhqot'in Nation has no doubt that this new mining plan merely puts the lake on temporary life support and would result in the same devastating cultural and environmental impacts that prompted the federal government to reject the original Prosperity mine proposal in 2010.

"Surrounding a sacred lake with a massive open pit, one of Canada's largest tailings dams and a giant waste rock pile, and then putting it at risk of contamination from toxic tailings discharge is not our definition of saving anything," says Tsilhqot'in national government tribal chair Chief Joe Alphonse. "We saw in the last environmental assessment how far the company's predictions were from reality. The company said there would be no significant impacts, but an independent federal panel described a whole range of massive cultural and environmental impacts. This company has no credibility with us."

Xeni Gwet'in Chief Marilyn Baptiste said, "This version of the mine has already been deemed a greater environmental risk by the independent panel in 2010 and by the company's own statements in the last review."

Chief Baptiste also noted that the extra $300-million the company is allocating to the project is $37-million less than it previously stated would be needed for this alternative mine plan. New Prosperity also does not appear to involve new mitigation measures beyond those considered in the 2010 review, when the federal panel rejected this alternative design for the mine because of "greater environmental risk" and the likely contamination of Teztan Biny in any event.

The Tsilhqot'in Nation remains concerned that the proposal threatens the Fraser River's last strong and consistent salmon run and puts Lower Taseko Lake at risk of direct discharge of tailings into its tributaries.

The new proposal would still destroy 81 per cent of Teztan Biny's fish-spawning grounds and, according to the company's own statements, would put the lake at risk of contamination over time. Yanah Biny (Little Fish Lake), where Tsilhqot'in homes and graves are located, would still be completely destroyed under hundreds of millions of tonnes of acid waste.

Chief Alphonse said: "To approve this mine would make a mockery of the environmental assessment process. This proposal cannot and will not be approved. Once again, we find ourselves defending our statements -- we are against this proposed mine. It will be devastating to the environment and our culture."

Ten facts that show why Prosperity mine proposal cannot be approved

Ten facts that show why resubmitted Prosperity mine proposal cannot be approved

The CEAA review panel process was very different from the B.C. EAO rubber-stamp decision. Its report found unmitigated, devastating impacts to the local fish stocks and endangered grizzly populations and to the existing and future rights of the Tsilhqot'in and its youth. Then Environment Minister Jim Prentice described the report's findings as "scathing" and "probably the most condemning I have ever read."

The company knows its new option is worse than its first plan.

Taseko's vice-president of corporate affairs, Brian Battison, was clear in his Mar. 22, 2010, opening presentation to the CEAA hearings, when he stated: "Developing Prosperity means draining Fish Lake. We wish it were otherwise. We searched hard for a different way. A way to retain the lake and have the mine, but there is no viable alternative. The lake and the deposit sit side by side. It is not possible to have one without the loss of the other."

The point was emphasized by Taseko's vice-president of engineering, Scott Jones, who stated, "What happens to the water quality in Fish Lake, if you try and preserve that body of water with the tailings facility right up against it, is that over time the water quality in Fish Lake will become equivalent to the water quality in the pore water of the tailings facility, particularly when it's close."

This proposal does not address the issues that led to the rejection of the first bid last year. Fish Lake will be affected by the toxic waste and eventually die, and it will be surrounded by a massive open pit mine and related infrastructure for decades. The Tsilhqot'in people will not have access to their spiritual place, and the area will never be returned to the current pristine state.

It is not even new. It is mine development plan 2. Taseko states on page 20 of its project submission: "Option 2 is the basis for the New Prosperity design. The concepts that lead to the configuration of MDP option 2 have been utilized to develop the project description currently being proposed."

This option was looked at and rejected last year by the company, Environment Canada and the CEAA review panel. For example, page 65 of the review report states, "The panel agrees with the observations made by Taseko and Environment Canada that mine development plans 1 and 2 would result in greater long-term environmental risk than the preferred alternative."

The new $300-million in proposed spending is to cover the costs of relocating mine waste a little farther away. There is nothing in the new plan to mitigate all the environmental impacts identified in the previous assessment.

Taseko states in its economic statement: "The new development design, predicated on higher long-term prices for both copper and gold, would result in a direct increase in capital costs of $200-million to purchase additional mining equipment to relocate the tailings dam and to move the mine waste around Fish Lake to new locations. This redesign also adds $100-million in direct extra operating costs over the 20-year mine life to accomplish that task."

In fact, this new spending is actually $37-million less than the company said last year it would have to spend just to go with the option that it and the review panel agreed would be worse for the environment.

The federal government is required under the Constitution to protect first nations, which have been found to be under serious threat in this case, and is internationally committed to do so under the United Nations Declaration on the Rights of Indigenous Peoples. These duties are every bit as clear regarding this resubmitted proposal.

Approving this mine would show the environmental assessment process is meaningless and would demonstrate that governments are ignoring their obligations -- as the Assembly of First Nations national chiefs-in-assembly made this crystal clear this summer in their resolution of support for the Tsilhqot'in.

The federal Department of Fisheries and Oceans has opposed this project since it was first raised in 1995. It soundly rejected it again last year. It has no reason to support it now. Nor does Environment Canada, which, as the CEAA report noted last year, also found option 2 to be worse than the original bid.

There are many other more worthy projects to be pursued -- the vast majority of which, if not all, will require working with aboriginal communities. Natural Resources Canada estimates there is from $350-billion to $500-billion worth of such potential projects in Canada. Governments, industry and investors do not need to go backward by pushing this confrontational proposal and rebuffing efforts by first nations to find a way to create a better mining system that would benefit everyone in the long run.

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