Taseko Mines (T.TKO) defies CEAA, posts allegations to own website

Stockhouse Editorial
0 Comments| November 19, 2013


Taseko Mines Ltd. (TSX: T.TKO, Stock Forum) has defied government officials and posted to its website a document that points out alleged errors made by a Federal Review panel in preparing a report which concluded that its proposed British Columbia mine would pose significant adverse environmental effects.
 
The company says it complied with a November 13th request from the Canadian Environmental Assessment Agency (CEAA) to explain the company's position that the panel had erred in its finding on the technical aspects of the planned New Prosperity project's tailings seepage and water quality.
 
On November 13th, CEAA posted the request for information on its internet registry, but while Taseko says the CEAA acknowledged receipt of the company's letters dated November 8th and 15th, the government body says it does not intend to post the documents on the CEAA internet registry for public viewing.
 
So the company decided to post them to its own website.
 
Russell Hallbauer, President and CEO of Taseko commented, "Our position is very clear; we expect to be treated fairly and objectively in this process. Publicly requesting information, and then choosing not to release the results of the request in a similar manner creates an inaccurate portrayal of Taseko and an impression in the minds of the public that our critique of the panel's findings are somehow flawed.”
 
Hallbauer continued, “We have therefore posted the specific documents related to this matter on Taseko's website to ensure our shareholders, community stakeholders and the general public are fully aware of the facts."

The Vancouver-based company had said it appears Natural Resources Canada and, subsequently, the Federal Review Panel, used the wrong design in their analysis of seepage rates into a pristine fish-bearing lake from a proposed tailings storage facility.
 
The design proposed by Taseko for the tailings storage facility includes development of a continuous low permeability compact soil liner to restrict seepage losses. This is a common and acceptable practice for modern facilities that have been recently permitted and developed in British Columbia and elsewhere in the world, the company said.

The NRCan design, which was the basis of their analysis, is completed different than the Taseko design, as NRCan has assumed that the low permeability basin liner is not included and that seepage will therefore steadily leak into more pervious overburden and fractured bedrock, the company added.


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