Tuesday, August 30, 2011

Taseko's Prosperity project is granted a review (Calgary Herald)





A P&H 4100 loads a Terex 240 ton haul truck at one of Taseko Mines' expanded facilities.

A P&H 4100 loads a Terex 240 ton haul truck at one of Taseko Mines' expanded facilities.

Photograph by: Undated handout, Taseko Mines



The Canadian Environmental Assessment Agency has agreed to review a revamped proposal for Taseko Mines’ proposed $1-billion New Prosperity gold-copper project in central B.C.

But a company statement Friday that the decision means the federal government’s environmental assessment of the mine is going ahead is not the case, according to a CEAA official.

“No decision has been made on that,” CEAA spokeswoman Annie Roy said in an interview. “We’re looking at whether an environmental assessment is required.”

Taseko president and CEO Russell Hallbauer said in a media release that the CEAA’s acceptance of the mine’s project description “ensures the federal government’s environmental assessment of New Prosperity will begin on or before Nov. 7, 2011.
“With this decision we have a clear view of the regulatory timeline ahead. Under a comprehensive study, which is the process we expect for New Prosperity, CEAA will have 365 days in which to complete its review and submit a final report to the federal minister of the environment.”

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