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Stock Market & Financial Investment News

News Breaks
March 26, 2014
18:08 EDTTGBTaseko Mines files second judicial review on New Prosperity project
Taseko Mines applied for a second judicial review in respect to the federal government's recent decision on its proposed New Prosperity Gold-Copper Mine Project. Russ Hallbauer, President & CEO of Taseko stated that the New Prosperity project, and specifically Taseko's plan to save Fish Lake, was not evaluated in a fair, open and transparent manner. "We will seek to rectify both the failed process and the decision that stemmed from it in a court of law, the only reasonable option open to us." Taseko maintains it had a legitimate expectation that if any third-party representations were made to the federal government concerning the project after the Panel Review was complete that Taseko would be afforded an opportunity to make responses to those submissions. The company was never given that opportunity. 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. "We believe that the final government decision failed to consider critical information submitted by the company and thus failed to fully understand our commitment and ability to protect the environment," added Hallbauer. "We were never given a fair opportunity to correct any misrepresentations about the project, nor were we allowed to clarify any misunderstanding on our plan to save Fish Lake." Taseko is asking the Federal Court to set aside decisions by the CEAA, the Minister of Environment and the Governor in Council because of "a failure to observe the principles of natural justice and procedural fairness."
News For TGB From The Last 14 Days
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January 26, 2016
18:07 EDTTGBTaseko Mines responds to comments from activist Raging River Capital
Taseko Mines responded to comments from activist Raging River Capital, which requisitioned a special meeting of Taseko shareholders after acquiring slightly more than the minimum shares for a requisition. RRC, a recently created entity with no mining assets or operations, began accumulating Taseko shares on December 29, 2015, two weeks before the requisition. One of its principals, Mark Radzik, is also Managing Partner of a Chicago-based investment firm that describes itself as making "opportunistic" investments. Taseko has set a date of May 10, 2016 for the meeting requisitioned by RRC. Taseko expects to report financial results for the Q1 prior to the meeting date. The record date for the requisitioned meeting is March 11.

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