MiningWatch Canada Report Flags Significant Risks and Uncertainties Associated with Taseko Mines Limited
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwire) -- 09/13/12 -- MiningWatch Canada has released a report on Taseko Mines Ltd. that cautions investors about the significant risks and uncertainties that investments in the mid-tier mining company could be exposed to given the company's continued expenditures and efforts to advance its controversial New Prosperity Gold-Copper Project. These include:
The New Prosperity Project represents 55% of the company's reported net assets and is currently in the environmental assessment process. An earlier attempt to obtain environmental assessment approval for the Prosperity project was rejected by the federal government, and in February 2011, Taseko resubmitted the project with some changes under the name "New Prosperity". A second environmental assessment is currently underway.
The proposed New Prosperity Project is on the traditional territory of the Tsilhqot'in First Nation and the transmission line for the project will cross the traditional territories of a number of Secwepemc First Nation communities. All the affected First Nation governments as well as the Union of BC Indian Chiefs and Assembly of First Nations strongly oppose the mine.
MiningWatch will be sending their report to key analysts and shareholders in Taseko Mines Ltd. including the Canadian Pension Plan Investment Board which CPP holds 1.4 million shares in Taseko worth approximately $4.1-million.
The full report is available at:
Contacts:
MiningWatch Canada
Ramsey Hart
(613) 569-3439
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Datum: 13.09.2012 - 09:36 Uhr
Sprache: Deutsch
News-ID 1150921
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