Tag Archives: Prosperity Mine

Taseko Mines: B.C. Securities Commission Reviewing Unusual Trading Activity

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The
Conservative government brushed off allegations that there may have
been a leak from the federal government on the pending denial of a
Taseko Mines Ltd. project, prompting unusual share trading activity
during a mid-October session.

John Baird, the government House
leader, said his Liberal opponents — who alleged in the House of
Commons that “Conservative insiders” leaked information that may have
benefited certain shareholders — are engaging in “pure speculation.”

Unusual
trading in Taseko occurred in mid-October. On Nov. 2, the federal
Minister of Environment said Taseko’s Prosperity mine project could not
be granted authorizations to proceed.

Baird said before the
federal decision, there was a “publicly available” environmental
assessment on the Prosperity project that recommended Ottawa reject its
development “because it would cause irreparable harm” to the
environment.

The proposed Taseko operation — dubbed the
Prosperity Mine — was planned for a wilderness area about 120
kilometres southwest of Prince George in B.C.’s northern interior.
Promoters touted it as one of the world’s largest gold and copper
plays.

Baird declined to answer Liberal questions about whether
the government was conducting its own internal investigation into the
possibility of a leak, and if the RCMP had been called in to assist in
the probe.

Initial media reports indicated that the unusual trading activity coincided with a cabinet meeting held on Oct. 14.

Read full Vancouver Sun story here

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Why Ottawa Really Said no to Prosperity Mine

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The Sun’s editorial of Nov. 5 slamming the federal decision to reject the Prosperity mine reveals a lack of understanding of the relevant facts. The editorial states: “The government of the day could have saved everyone involved on both sides of the project much time, money and angst by saying no” 17 years ago when Prosperity was first proposed.

Well, the government of the day said exactly that. In fact, three successive federal fisheries ministers from 1995 onward notified both the province and the company, Taseko Mines Ltd., that a project involving the loss of Fish Lake (called Teztan Biny by the Tsilhqot’in First Nation) was not open for discussion. Taseko knew as early as 1995 that destroying the lake was out, but continued to push its original proposal without developing a real alternative that might have saved the lake.

Read more of Tony Pearse op-ed in Vancouver Sun here


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Prosperity Mine Rejection Highlights Flawed BC Environmental Assessment

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Everyone
agreed that if the Prosperity gold-copper mine project went ahead in
the Chilcotin, fish would die and habitat would be lost. The question
was: should the mine go ahead regardless?  A B.C. environmental
review concluded it should, while a federal review concluded it
shouldn’t: dramatically different outcomes that are generating criticism
of the way the province approves major projects. Read more of Vancouver Sun article here

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Prentice Kills Taseko’s Mine at Fish Lake

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The federal government has killed a plan for an open-pit mine in Fish Lake, B.C.  “The project as it was proposed would result in the destruction of
Fish Lake and the destruction as well of a complex and highly productive
ecosystem that included … dozens of connecting streams, wetlands and
aquatic life,” Environment Minister Jim Prentice said Tuesday. Read Toronto Sun article

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