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Strategies & Market Trends : Ride the Tiger with CD

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To: Veteran98 who wrote (155552)6/2/2009 9:42:20 AM
From: Veteran98  Read Replies (1) of 313275
 
Van Sun says Taseko pitches benefits of Prosperity mine

Taseko Mines Ltd (C:TKO)
Shares Issued 173,208,486
Last Close 6/1/2009 $1.94
Tuesday June 02 2009 - In the News

The Vancouver Sun reports in its Tuesday edition that Taseko Mines says its Prosperity mine near Williams Lake will have a $4.5-billion impact on British Columbia's gross domestic product over its 23-year life. The Sun's Gordon Hamilton writes that it has a challenge on the environmental side. To develop the mine, Taseko wants to turn the rainbow-trout-rich Fish Lake into a tailings pond. That move has stiff opposition from the Tsilhqot'in first nation and environmental groups. The economic argument is winning support in Williams Lake, 125 kilometres from the site, where the city council has made development of the mine its top priority. Bernie Elkins, of the Tsilhqot'in National Government, said the impact on the land outweighs the economic impact. "We are not on side with killing the lake," he said, noting it is used by first nations and is popular with sports fishermen. Mr. Elkins also said the Tsilhqot'in remain unconvinced the mine will not leach toxins into the Taseko, Chilcotin and ultimately the Fraser rivers. The Prosperity site is one of the largest undeveloped gold and copper deposits in Canada. The mine is expected to employ almost 1,000 people during three years of construction.

© 2009 Canjex Publishing Ltd.
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