Taseko Embarks on Judicial Review

Taseko (TSX:TKO,NYSEMKT:TGB) is applying for federal judicial review, seeking to set aside certain findings of a review panel report relating to its New Prosperity Gold-Copper Project environmental assessment.

According to the company press release:

The judicial review will address the question of whether Natural Resources Canada (“NRCan”) – and in turn the panel – made a fundamental error when determining expected seepage rates from the tailings storage facility.  Taseko believes the evidence is clear that NRCan failed to account for a liner that would be part of the tailings storage facility – thus modeling the wrong project design and assuming water would seep into open ground.

Taseko President and CEO Russell Hallbauer commented:

Taseko had no choice but to file this application in order to comply with a 30 day time limit. But we remain of the view that the federal government should allow the project to proceed to the next stage of detailed permit-level examination and if so the judicial review would not need to proceed.

Click here to view the full release.