The Cariboo Advisor
Taseko announces New Prosperity will enter into public hearing phase this summer
Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB) ("Taseko" or the "Company") is pleased to announce that the Federal Review Panel (the "Panel") which is conducting a review of the environmental effects of the New Prosperity Gold-Copper Project is advancing the project into Public Hearings, the final stage of the public review process.
The purpose of the hearings, which begin July 22, 2013 and are not to exceed 30 days in length, is to provide opportunity for the public to participate in the environmental assessment process and offer their views on the project and its relationship to the future of the Cariboo region. The hearings will take place in Williams Lake and surrounding communities.
New Prosperity is a $1 billion investment that will create thousands of jobs and generate billions of dollars in tax revenues. It is an environmentally responsible project, based on proven engineering, managed by experienced people.
"Is it in the best interest of Canadians to use this piece of property in the proposed manner? That's what the Government of Canada is trying to decide. One of the tools they use to help them
with that decision is the environmental assessment process," says Russell Hallbauer, President and CEO of Taseko. "The answer of course is yes, this project is very much in the interest of Canadians, especially British Columbians and the approximately 65,000 residents living in the Cariboo region. It was for these reasons the project was first approved by the provincial government in January 2010."
"Not only is New Prosperity important to the future interests of communities like Williams Lake, Quesnel and 100 Mile House, but it is vital for First Nations communities who seek new opportunities for employment and business development closer to home so that people don't have to move away to search for those opportunities elsewhere," added Mr. Hallbauer.
Once the public hearings conclude, the Panel will have a maximum of 70 days to write and submit a report to the federal Minister of Environment. The Government of Canada will then have a maximum of 120 days to decide if it should grant the necessary authorizations for the project to proceed.
For more information on the New Prosperity Project and for updates on the Panel Hearing, visit www.newprosperityproject.ca, an in-depth online information portal.
President and CEO