Taseko Mines Ltd. (
TSX: T.TKO,
Stock Forum) said Wednesday it has applied for a second judicial review of Ottawa’s recent decision to reject its proposed New Prosperity gold-copper mine project in British Columbia.
``The federal review panel failed in their duty to deliver a fair process, and the consequence of their failure resulted in the federal minister of environment making the wrong decision,'' Brian Battison, vice-president of corporate affairs, said in an interview with The Canadian Press.
``We seek to rectify both the failed process and the decision that stemmed from it in a court of law. That's the only reasonable option open to us at this time.''
Taseko shares eased 2.3% to $2.15 on Wednesday, leaving a market cap of $416.5 million, based on 193.7 million shares outstanding. The 52-week range is $2.85 and $1.88.
Among Taseko’s claims are that government officials held inappropriate closed door meetings with opponents of the proposed mine without Taseko’s knowledge or informing the company of the content of those meetings, the company said in a press release.