Taseko Mines Ltd T.TKO

Alternate Symbol(s): TGB

Metals & Mining Copper

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.

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Taseko Mines Ltd

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Post by Jacksorbetteron Dec 09, 2022 11:57am

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Post# 35161858

April...about the time the Fed issues the Florence permit!

China's Covid reopening won't be straightforward

China relaxed some of its Covid rules this week as the country inches closer to an exit from its zero-Covid policy. But don't expect a full reopening of China's economy anytime soon.

The fundamental challenge faced by Chinese policymakers is the rising economic cost of maintaining their zero-Covid policy while the vaccination rate for elderly citizens is still low, according to our chief China economist Hui Shan. “The path for the world's most populous and second-largest economy to reopen after almost three years of zero-Covid policy will probably not be straightforward,” she wrote in a report.

Goldman Sachs Research identified four reopening scenarios, with the third scenario being the most likely:

An immediate, abrupt reopening in a somewhat disorderly manner.
China launches reopening immediately but manages the pace to cope with the capacity of the health care system.
China reopens in April 2023 after steady preparations at the beginning of the year. This is the baseline GS Research forecast and is expected to be the most likely path forward. In this scenario, Shan forecasts that China's real GDP growth will rise 1.5 percentage points to 4.5% in 2023, and then to 5.3% in 2024.
China continues to tighten Covid controls substantially in the months ahead, with significant restrictions for much of next year.