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Taseko seeks to sue Canada government for damages over mine rejection

Oct. 22, 2014 10:19 AM ETTaseko Mines Limited (TGB) Stock, TKO:CA StockTGBBy: Carl Surran, SA News Editor1 Comment
  • Taseko Mines (TGB -0.6%) believes Canada's government acted unlawfully in rejecting its New Prosperity copper project in British Columbia, so it is suing the Ottawa government for damages and to find out what happened.
  • TGB appears in a federal court in Vancouver today to argue that its two judicial review applications to Ottawa should be combined into one civil suit seeking damages, in a move that appears to be unprecedented and is fiercely opposed by the government.
  • TGB says it has evidence of actual malfeasance by federal officials, including secret meetings with opponents of the $1.5B project that could have swung Ottawa’s decision.
  • If TGB’s request for a civil suit is granted, the miner would have a greater ability to force disclosure of the documents, in addition to the potential damages.

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